Air New Zealand (ASX:AIZ) has postponed the deadline for its equity raising by 3 months to June 30.
The Kiwi flag carrier has justified this delay with difficulties as a result of COVID-19. The company will be able to source liquidity from the increased Crown loan facility by $533 million to facilitate the timeline change.
Shares in Air New Zealand (AX:AIZ) are trading 0.9 per cent higher at $1.68
Copyright 2021 – Finance News Network
27 Nov 2020 - AnteoTech (ASX:ADO) has received a tax refund of almost $1.2 million under the Federal Government’s Research & Development Tax Incentive Scheme.
12 Mar 2021 - Gas exploration player, Elixir Energy (ASX:EXR) has reported a net loss after tax of over $990,000 for the half year ended 31 December 2020.
28 Apr 2020 - National Australia Bank (ASX:NAB) has today successfully completed $3 billion fully underwritten institutional placement that was announced yesterday.
30 Apr 2021 - Australia’s second largest oil and gas producer Santos (ASX:STO) has successfully snapped up $501 million fly offloading 25 per cent stake in BayuUndan and Darwin LNG. Under the agreement, South Korean energy giant SK Group will own a 25 per cent interest in assets at the gas field in the Timor Sea and the liquefaction plant in the Northern Territory.
01 May 2020 - Industrials heavyweight Reliance Worldwide Corporation (ASX:RWC) has announced that due to the impact of covid-19 the board has decided to scale back manufacturing operations in Australia from 5 days a week to 4 days a week, commencing the week of 11 May 2020.
11 March 2021 - Cloud based solution company Buddy Technologies (ASX:BUD) is preparing to ship their LIFX switch product for the North American market, with a street availability date in June.
03 Sep 2019 - Starpharma (ASX:SPL) has today announced that it has received a further regulatory approval in another Asian country for its product VivaGel® BV.
