Dame Therese Walsh: Air New Zealand chair announces $2.2 billion recapitalisation plan

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded30 Mar 2022

Publisheromnycontent.com ↗

Handlerec:7249652

Show notes

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. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.