Air New Zealand to ground 777 fleet until the end of 2020 

Air New Zealand is planning to ground its entire Boeing 777-200 and 777-300 fleet until at least the end of calendar 2020, according to earnings update released to the domestic stock exchange. In the statement Air New Zealand said that prior to the outbreak of Covid-19, it was in a strong position with a resilient balance sheet and short-term liquidity of more than $1 billion and no financial covenants on new or existing debt facilities and no significant debt maturities until 2022. In addition to securing a $900 million with the New Zealand Government the airline has taken a number