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
13 May 2021 - A snapshot of company news making headlines in the morning featuring Xero (ASX:XRO), Orica (ASX:ORI) and Graincorp (ASX:GNC) as they all released their earnings figures today.
11 March 2021 - Digital banking and payments company, Novatti Group (ASX:NOV) reports that new fintech platform Lifepay is moving to full commercial launch.
06 Jan 2020 - Cooper Energy (ASX:COE) reports work on their Sole Gas Project in East Gippsland has been delayed by two weeks following bushfire activity in the area.
10 Oct 2019 - Netwealth (ASX:NWL) released their results for the quarter showing its Funds Under Administration (FUA) grew $2 billion of 8.5 per cent quarter on quarter to $25.3 billion.
23 Dec 2019 - Vocus Group (ASX:VOC) has reached an agreement to settle the class action commenced against it in April 2019 in the Federal Court of Australia.
19 Aug 2022 - A snapshot of the stocks on the move featuring Antisense Therapeutics (ASX:ANP), Thorn Group (ASX:TGA) and Mt Monger Resources (ASX:MTM).
27 Aug 2024 - A snapshot of the stocks on the move, featuring Antilles Gold (ASX:AAU, OTCQB:ANTMF), Elementos (ASX:ELT) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).
15 Apr 2020 - The Orocobre (ASX:ORE) acquisition of Canadian lithium developer Advantage Lithium is set to be completed after the company was given approval for the takeover by Advantage shareholders.
