Air New Zealand Launches Recapitalization Effort

Air New Zealand
Credit: James D. Morgan / Getty Images
AUCKLAND—Air New Zealand has revealed details of an NZ$2.2 billion ($1.5 billion) recapitalization package, which the government will participate in to maintain its majority share. The carrier has been signaling for several months that the recapitalization was coming. It was deferred from its...

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