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Home > The Mike Hosking Breakfast > Dame Therese Walsh: Air New Zealand chair announces $2.2 billion recapitalisation plan
Podcast: The Mike Hosking Breakfast
Episode:

Dame Therese Walsh: Air New Zealand chair announces $2.2 billion recapitalisation plan
Category: News & Politics
Duration: 00:04:14
Publish Date: 2022-03-30 18:35:45
Description: Air New Zealand has announced a major plan to recapitalise - after two years of economic turbulence.  
The $2.2 billion package will enable the airline to repay its existing Crown loan and position the company for recovery post-pandemic.  
The vast majority is made up of a $1.2 billion Rights Offer of new ordinary shares. 
Chair Dame Therese Walsh says there will also be a $600 million issue of redeemable shares to the Crown.  
She says finally, there will be a new $400 million Crown loan facility to replace the existing Crown loan facility. 
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