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.

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

Air New Zealand Gets Further $338M Govt Loan As Pandemic Headwinds Continue

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Air New Zealand Gets Further $338M Govt Loan As Pandemic Headwinds Continue

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