As per the terms of Air New Zealands government loan which will is at 9% interest!!!!
' There will be a prohibition on the payment of any dividends by Air New Zealand while any amount is available to be drawn under the loan facility. The airline must give security for the loan over various subsidiaries and their assets. The government will also have the ability to seek repayment through a capital raise by the airline after 6 months, or by converting the loan to equity. '
AIZ better pray that international travel opens before the ski season otherwise they are in alot of trouble.
High risk - Red flag
AIZ Price at posting:
$1.55 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)