Air New Zealand gets $515 million government loan

Air New Zealand has been thrown US$515 million lifeline in the form of government  loan in order to help the flag carrier navigate the Covid 19 crisis. Announcing the package, the country’s finance minister Grant Robertson said that without the island nation was in danger of not having an airline. Air New Zealand has been hit hard by the crisis, as the government has sealed off borders to non-residents and advised against all overseas travel and the airline had already cut long-haul flights by 80 percent and warned that one-third of its 12,500 workforce could lose their jobs. Under the deal,