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
05 Mar 2021 - Fruit and vegetable grower, Costa Group (ASX:CGC) has inked conditional agreements to buy both the farming operations of KW Orchards citrus farm, as well as the EJT citrus packing facility.
14 Nov 2019 - Diversified financial service provider, IOOF Holdings (ASX:IFL) has complied with the 43 actionable items identified by the independent reviewed to fulfil the licence conditions imposed by the Australian Prudential Regulation Authority in December 2018.
03 Dec 2020 - Qantas (ASX:QAN) has started to repair its balance sheet as it sees Group Domestic capacity at 68 per cent of pre-COVID levels for December, rising to nearly 80 per cent for Quarter Three.
03 Aug 2020 - Tabcorp (ASX:TAH) has announced it expects to incur a non-cash goodwill impairment charge of between $1 billion and $1.1 billion in its 2020 financial year results relating to the company’s Wagering & Media and Gaming Services businesses.
22 Jul 2020 - Baby Bunting Group (ASX:BBN) report total sales of approximately $405 million for financial year 2020, representing growth of around 12 per cent against the prior corresponding period.
