air nz expects to draw on the $900m crown loan in

Govt To Support Air NZ With $900M Loan

Mar 22 2020Following the announcement Air New Zealand chief executive Greg Foran said the airline's revenue had dropped by 85 per cent Shattered airlines were left counting the cost of government support as countries from the USA to New Zealand set out conditions for bailouts needed to absorb the shock of the COVID-19 pandemic New Zealand on Friday offered its national carrier a NZ

Newsletter: New Zealand Politics Daily

Jul 24 20201News: Air New Zealand fronts select committee over impacts of Covid-19 pandemic Jene Tibshraeny (Interest): Air NZ to draw on $900m Crown loan in 'due course' Hamish Cardwell (RNZ): Electric vehicle industry group 'concerned' after government disbands it

Air New Zealand 2020 Annual Results Call 27 August 2020

Air New Zealand 2020 Annual Results Call 27 August 2020 Page 2 of 24 Nor is it the result of any decisions or choices that we have made Rather it is a reflection of the worst operating environment the aviation industry has ever experienced I would like to a moment now to thank the Air New Zealand whānau the large majority of

Air New Zealand Expects Back

Aug 26 2020Operating revenue sank 16% to NZ$4 84 billion as total network capacity declined 21% from a year earlier Cargo revenue was a bright spot rising 15% to NZ$449 million Air New Zealand said it has yet to draw upon a NZ$900 million loan facility provided by the government which is

Air NZ posts an after tax loss of $454 million

In March Air New Zealand was given a $900m loan facility from the Crown which it is able to call on if its cash reserves fall below an undisclosed level over the next two years The government - which already owns 52 per cent of the company - would have the ability to turn the loan into shares in the airline

Air NZ cancellations leave Kiwis out in the cold

On March 20 the Government said it had agreed to loan Air New Zealand up to $900m in two tranches over two years provided the airline met a range of conditions On Thursday the airline and the New Zealand Airline Pilots Association (NZALPA) agreed to a pay cut of 30 per cent for 900 jet pilots while 300 pilots will be made redundant

How Qantas vs created the world's best domestic

Have to agree with Mitch and abr The question whether Australia can support two full service airlines was borderline due to the Ansett era from the 80s and 90s despite Ansett also being mismanaged over the years by US (News Corp) and NZ (Air NZ) interests Post C-19 it's likely Australia may not support two full-service airlines

Air Canada

Air Canada's predecessor Trans-Canada Air Lines (TCA) was created by federal legislation as a subsidiary of Canadian National Railway (CNR) on 11 April 1937 The newly created Department of Transport under Minister C D Howe desired an airline under government control to link cities on the Atlantic coast to those on the Pacific coast Using $5 million in Crown seed money two Lockheed

Kiwi drug companies are trying to crack the big time in the US

Mar 17 2017He talked tough saying "Big Pharma" was "getting away with murder" with its high prices However when he hauled in the heads of the world's biggest players he didn't so much drag them over the coals as dangle lower taxes and looser regulation to lure their massive manufacturing operations to the US as part of his vision to Make America Great Again with new jobs and cheaper drugs

Air New Zealand 2020 Annual Results Call 27 August 2020

Air New Zealand 2020 Annual Results Call 27 August 2020 Page 2 of 24 Nor is it the result of any decisions or choices that we have made Rather it is a reflection of the worst operating environment the aviation industry has ever experienced I would like to a moment now to thank the Air New Zealand whānau the large majority of

Coronavirus: Staffer in Pence's office tests positive for

Mar 19 2020The New Zealand government has agreed to bail out the nation's main airline Air New Zealand by providing a NZ$900m ($509m) standby loan to help it survive the coronavirus crisis "Without this intervention New Zealand was at risk of not having a national airline " said Grant Robertson New Zealand's minister for finance on Friday

Newsletter: New Zealand Politics Daily

Jul 24 20201News: Air New Zealand fronts select committee over impacts of Covid-19 pandemic Jene Tibshraeny (Interest): Air NZ to draw on $900m Crown loan in 'due course' Hamish Cardwell (RNZ): Electric vehicle industry group 'concerned' after government disbands it

Air NZ warns of FY20 loss ups job cuts estimate to 4000

May 26 2020As a result Air New Zealand expects to reduce its average monthly cash outflows by approximately $50m to $60m for the 2021 financial year Foran said the Covid-19 pandemic has had an unparalleled impact on the aviation industry and the future landscape of the airline will look vastly different to what it does today

PressReader

Aug 28 2020In March Air New Zealand was given a NZ$900m (FJ$1 270m) loan facility from the Crown which it is able to call on if its cash reserves fall below an undisclosed level over the next two years The government - which already owns 52 per cent of the company - would have the ability to turn the loan into shares in the air

American Airlines to Raise Money with Senior Secured Notes

American expects to use a portion of the net proceeds from the offering of the notes and borrowings under the term loan to refinance its delayed draw term loan facility which the company and the Guarantor American Airlines Group Inc entered into on 18 March 2020 and is scheduled to mature on 17 March 2021 with the remainder for general

Gould explains how money works to Brash The Standard

Apr 30 2017Reserve Bank of New Zealand Bulletin March 2008 Reference Vol 71 No 1 March 2008 The banking and payment system and how money and credit are created In a modern economy money can be created either by the central bank (the Reserve Bank in New Zealand's case) or by private sector institutions – in practice mostly registered banks

How Qantas vs created the world's best domestic

Have to agree with Mitch and abr The question whether Australia can support two full service airlines was borderline due to the Ansett era from the 80s and 90s despite Ansett also being mismanaged over the years by US (News Corp) and NZ (Air NZ) interests Post C-19 it's likely Australia may not support two full-service airlines

MIL

Jul 24 2020Editor's Note: Here below is a list of the main issues currently under discussion in New Zealand and links to media coverage Parliament Gordon Campbell: On who really deserves sympathy when stress makes people behave badly Peter Dunne: The 52nd Parliament is hurtling towards an inglorious end Peter Dunne (Newsroom): MPs: Pick them carefully treat with care

COVID

The COVID-19 pandemic in New Zealand is part of the ongoing pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) The first case of the disease in New Zealand was reported on 28 February 2020 As of 4 August 2020 the country has had a total of 1 567 cases (1 217 confirmed and 350 probable) and 22 people have died from the virus

Newsletter: New Zealand Politics Daily

Jul 24 20201News: Air New Zealand fronts select committee over impacts of Covid-19 pandemic Jene Tibshraeny (Interest): Air NZ to draw on $900m Crown loan in 'due course' Hamish Cardwell (RNZ): Electric vehicle industry group 'concerned' after government disbands it

A failure to deliver? What it's really like to be a

Dec 04 2018A 10-hour day on the road with a New Zealand courier driver who – like many other contract workers in her industry – struggles to make the minimum wage The pay and working conditions of the country's roughly 5000 "independent contractor" courier drivers have been in the news after extensive coverage on Radio New Zealand's Checkpoint programme drew attention to their long

More jobs on the line at Air NZ

Jun 05 2020Air NZ last month confirmed it expects to report an underlying loss for the 2020 financial year while estimating hedging losses and aircraft impairments of up to $560 million The airline which has yet to draw on the Government's $900m loan said on May 26 it was clear that it would take some time for demand to return to the level of business

Govt To Support Air NZ With $900M Loan

Mar 22 2020Following the announcement Air New Zealand chief executive Greg Foran said the airline's revenue had dropped by 85 per cent Shattered airlines were left counting the cost of government support as countries from the USA to New Zealand set out conditions for bailouts needed to absorb the shock of the COVID-19 pandemic New Zealand on Friday offered its national carrier a NZ