Air New Zealand (ASX:AIZ) has postponed the deadline for its equity raising by 3 months to June 30.
The Kiwi flag carrier has justified this delay with difficulties as a result of COVID-19. The company will be able to source liquidity from the increased Crown loan facility by $533 million to facilitate the timeline change.
Shares in Air New Zealand (AX:AIZ) are trading 0.9 per cent higher at $1.68
Copyright 2021 – Finance News Network
30 Jan 2020 - Diversified mining services company Perenti (ASX:PRN) subsidiary hard-rock underground miner Barminco, has been selected as preferred contractor by Panoramic Resources at the Savannah Project in the Kimberley.
19 Feb 2021 - Cochlear (ASX:COH) report strong growth in the US, Japan, Korea and China, improving momentum in Western Europe and a slower recovery across most emerging markets.
31 Jul 2020 - Clean TeQ (ASX:CLQ) will recognise a non-cash write-down of approximately $180 million in its FY2020 results for its Sunrise Project and project-related assets.
17 Oct 2019 - ANZ (ASX:ANZ) has reduced the price for the sale of its OnePath Pensions & Investments business and Aligned Dealer Groups to IOOF Holdings (ASX:IFL) from $975 million to $850 million.
11 Sep 2019 - Semiconductor technology developer BluGlass (ASX:BLG) has entered into a Joint Development Agreement with leading US based LED company, Bridgelux.
