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:

BLT - Revenue growth with one off cost pressures impacting profit
FRW - Full Year Results to 30 June 2025 and Final Dividend
Devon Funds Morning Note - 18 August 2025
August 18th Morning Report
2025 Annual Shareholders' Meeting and Director Nominations
Meridian Energy monthly operating report for July 2025
August 15th Morning Report
VGL upgrades aspirations, accelerates to meet client demand
August 14th Morning Report
VHP - Focus on Fundamentals: Driving Operational Performance