Air New Zealand Gets Further $338M Govt Loan As Pandemic Headwinds Continue
12/14/21, 6:27 AM
Location
aucklandMoney raised
$338 million
Air New Zealand Ltd said it has increased its government loan facility by NZ$500 million ($337.90 million) as it faces continued headwinds from domestic lockdowns and COVID-19-related travel restrictions across its global network.
Company Info
Location
auckland, auckland, new zealand
Additional Info
The company plans to raise fresh equity in the first quarter of 2022 to weather the impact of the pandemic, the airline said on Tuesday. As of Dec. 14, the company has drawn NZ$505 million of the existing loan and estimates borrowings from the support package could be NZ$900 million by late February or March 2022.Reuters