Air New Zealand Receives $520M Government Loan

Air New Zealand
Air New Zealand can draw on the funds if its cash reserves drop below certain thresholds.
Credit: Joe Pries
AUCKLAND—New Zealand’s government has become the latest to introduce a significant airline support package, agreeing to provide a NZ$900 million ($520 million) loan facility to Air New Zealand. The loan is intended to ensure the airline stays afloat despite the mass capacity cuts caused by the COVID...

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