Sharechat Logo

Air New Zealand Limited (NZX: AIR) Letter from Crown on Air NZ Capital Raise

Friday 12th February 2021

Text too small?

Air New Zealand has actively engaged with the Crown as the Company has continued to assess its longer-term capital structure and funding needs. Air New Zealand has recently reconfirmed to the Crown its intention to complete an equity capital raise before 30 June 2021.

Given the critical role the Company has in New Zealand’s economy and society, the Crown has, in that context, confirmed in a letter to the Air New Zealand Chairman received today its longstanding commitment to maintaining a majority shareholding in Air New Zealand. This letter also confirmed that, subject to Cabinet being satisfied with the terms of Air New Zealand’s proposed equity capital raise, it would participate in that equity capital raise in order to maintain a majority shareholding in Air New Zealand.

Please see the link below for details:

Letter from Crown on Air NZ capital raise

Source: Air New Zealand Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits
New Zealand Oil & Gas Limited (NZX: NZO) Half-Year Result 31 December 2020
Scales Corporation Limited (NZX: SCL) 2020 Annual Results Announcement
Marsden Maritime Holdings Limited (NZX: MMH) Half Year Result
Tourism Holdings Limited (NZX: THL) Interim Results FY21
Steel & Tube Holdings Limited (NZX: STU) Interim Results to 31 December 2020

IRG See IRG research reports