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Aviation

Air New Zealand financing

Coronavirus: Air New Zealand Enters into Debt Funding Agreement

Air New Zealand has entered into a debt funding agreement with the New Zealand Government. Under the terms of the agreement, the Government will provide a standby loan facility (‘the facility”) of up $900 million to support the airline as it manages the unprecedented impact of the Covid-19 outbreak on its business.

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EU airlines grounding

Impact of the Closure of EU borders on European Aviation

ForwardKeys has revealed the potential impact of Tuesday evening’s decision by EU member states to adopt EU guidelines on the closure of EU borders for 30 days, for all but essential travel into the bloc. Up to 48,200 flights and 10.2 million seats are in jeopardy.

Air New Zealand

Air New Zealand to Close London Cabin Crew Base

Air New Zealand has made the decision to bring forward the closure of its London cabin crew base of 130 flight attendants due to the impact of COVID-19 and travel restrictions imposed by governments around the world.

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