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...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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