Market warns of Air NZ risk

Institutional investors yesterday warned that Air New Zealand urgently needed a deeply discounted rights issue, similar to that which re-capitalised Fletcher Forests, or it would be the next local airline in receivership.

"It's exactly the same situation Qantas New Zealand found itself in - if the shareholders don't stump up, then the thing goes bust," Arcus Investment Management's Simon Botherway said.

Sir Selwyn Cushing's apparent desire for government funding looks like a loser.

Sources said if and when Sir Selwyn approached the government for a cash bail-out he was likely to be rebuffed.

Air New Zealand's options

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Rua announces detail of rights offer
MHJ - Exemption Notice: New Zealand Climate-Related Disclosures
WCO - Results of WasteCo Group Limited Annual Shareholder Meeting
BIT - Net Asset Values as at 18 September 2026
TEM - Transaction in Own Shares
September 22nd Morning Report
CMO - 2026 Annual Report and Notice of Meeting
TEM - Transaction in Own Shares
TWR - Tower completes renewal of FY27 reinsurance programme
FSF - Fonterra revises forecast 2026/27 Farmgate Milk Price