Air New Zealand capital raise deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. “We’ve seen some clearing of COVID-19 clouds recently, with the extension of the airfreight capacity scheme, the rollout of the vaccine and the opening of the trans-Tasman bubble on 19 April,” says Air New Zealand Chairman Dame Therese Walsh. “These developments are good news and fundamental to Air New Zealand’s return to success, but the storm hasn’t cleared yet. We have suspended our cash burn guidance while we take