Air NZ share price

2022 - 3 - 30

air new zealand share price - air nz shares

Post cover — Image courtesy of "New Zealand Herald"

Air NZ shares drop as investors assess $2.2b financial rebuild (New Zealand Herald)

From next week Air New Zealand starts the process to issue more than two billion new shares. Under the two for one rights offer existing shareholders can buy ...

This is known as theoretical ex-rights price or Terp and the airline has said it expects a share price reset. From next week Air New Zealand starts the process to issue more than two billion new shares. In terms of the likely market reaction: "It's just a question of whether the sheer size of this offer causes the share price to fall or not." Aside from the implications of the rights offer for the share price, the airline faces headwinds, said Smith, with rising oil prices a big obstacle. Most shareholders would be assessing the details of Air NZ's offer and the substantial discount to buy more would be attractive. When you add this new capital to the current value of all the shares in the company and divide that by the total number of shares that will be on issue the share price lands at 81c.

Air New Zealand Wants To Generate $2.2 Billion By Selling Shares (Simple Flying)

Air New Zealand is offering its shareholders the chance to buy two shares for every one share they own in a NZ$2.2 billion recapitalization plan.

Beyond June 30, Air New Zealand is flagging losses over the next couple of years until demand, particularly long haul demand, normalizes. Air New Zealand has now updated that figure to less than $800 million. Under the terms of the $1.2 billion rights offer, existing shareholders will be offered two new shares for every one share they own. Routes were closed, planes parked, and the number of Air New Zealand employees was reduced by almost a third. The rights offer we are launching today is structured to provide all eligible Air New Zealand shareholders with a fair opportunity to participate." Air New Zealand has announced a NZ$2.2 billion (US$1.53 billion) recapitalization plan to smooth its way to recovery.

Shareholders' support for Air New Zealand equity raising plan ... (RNZ)

There are some uncertainties ahead as Air New Zealand looks to shore up its balance sheet, says an investment analyst.

As for impact on flight ticket prices, she said: "Pricing is an output of a number of different things. That was already an issue sort of heading into Covid, so there's plenty of uncertainty and again that comes back to the discount that's being offered here." "We think it's the right time to launch this arrangement to the market" - Air New Zealand chair Dame Therese Walsh "We don't really know to what extent the industry will recover" - Devon Funds Management head of retail Greg Smith "We think it's the right time to launch this arrangement to the market" - Air New Zealand chair Dame Therese Walsh duration 6:03 "We don't really know to what extent the industry will recover" - Devon Funds Management head of retail Greg Smith duration 4:56

Air New Zealand's share price takes a dive after trading halt lifted (Stuff.co.nz)

It is the morning after the airline announced it would launch a $2.2 billion recapitalisation drive.

The Government will participate in the rights offer and remain a majority 51 per cent shareholder. The trading halt was lifted on Thursday morning. About 2.3 million new Air New Zealand shares will be issued under the rights offer, representing about a 200 per cent increase in existing shares. It is a 61 per cent discount to the $1.37 price they closed at on Wednesday. Before the trading halt the share price had fallen 20 per cent over the past year. Shares in the airline were placed in a trading halt on Wednesday afternoon ahead of an evening announcement that it was undertaking a $2.2b recapitalisation to help the airline recover from the damage inflicted by the pandemic. Air New Zealand’s share price has taken a dive after the airline announced it was looking to raise $1.2 billion from shareholders.

Is Air NZ's recapitalisation offering 'significant dilution' or 'a fair deal ... (Newshub)

That capital would be used to bolster its balance and pay back a loan from the Government which was used to keep the airline afloat during the pandemic, as the ...

Air New Zealand (ASX:AIZ) share price plummets on confirmation of ... (Motley Fool Australia)

The Air New Zealand Limited (ASX: AIZ) share price is nosediving on Thursday after the company announced a NZ$1.2 billion capital raise.

The Air New Zealand share price is plummeting on news of a major capital raise. Though, it’s not intending to draw on that debt facility. However, that’s an improvement on the stock’s early morning performance. Why is the Air New Zealand share price tumbling? The Air New Zealand share price plunged to a 52-week low of $1.09 just after the ASX opened, representing a 15.6% fall. The Air New Zealand Limited (ASX: AIZ) share price is nosediving on Thursday after the company announced a NZ$1.2 billion (A$1.1 billion) rights offer.