Air New Zealand (ASX:AIZ) postpones capital raising after increasing Crown loan facility

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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
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Source: Finance News Network