- While COVID-19 continues to toy with the global aviation sector, Air New Zealand (AIZ) has received government support for a proposed financing
- In a letter, Finance Minister Grant Robertson outlined a number of reasons why Air New Zealand’s continued success was important both economically and socially
- The New Zealand Government holds a 52 per cent stake in the airline and will seek to maintain its majority ownership
- Last year, the government extended a NZ$900 million loan (roughly A$839 million) to help support the business
- Air New Zealand has engaged in an extensive review of its operations, fleet, operating cost structure and capital requirements
- Air New Zealand is down 2.02 per cent to $1.46 per share
