Ann: Air NZ updates on capital raise timing and liquidity, page-31

Hang on

If you dont understand, dont post.

Will you have been happy if they went to an insto and gave them even a 25% discount? I could tell you even at a 25% discount they will get good response from an insto.

They are offering at fire sales prices to the holders.

This will ensure people will participate rather than the embarrassing CR that Qantas did some time ago and barely got any responses.

These guys have learned from that lesson.

Could they have gone to government and asked for money? probably but this is the next best thing and I will likely particulate in it.