AIR - Air NZ.

[Dassets]

Struggling to do the capital raise my guess due to FMCA requirements on a cash issue. Which Director or member of the DD team wants to sign or take liability. Insurance does NOT cover costs defending criminal charges if that ever emerged btw. That is why anyone signing is exercising the upmost care.

[Waltzing]

Mr B on Variants. Would now be the time most variants emerge as the virus is at its peak or approaching it.

Cap Raise must be the hardest thing to get away now at anything like above a 1.20 give or take 60 cents.

[peat]

That short going well Peat... Transtasman bubble paused for at least 8 weeks.

Think they got a bit greedy by delaying the capital raise. Should have pounced when the price was extra irrationally high ($1.90).

yeh it is actually ....



just assisting out with liquidity yeh? someone has to sell to the SHaresies brigade?

[JohnnyTheHorse]

Does anyone have any insight on the staffing implications and hence financial impacts? I.e. is AIR going to have to keep all transtasman staff on full pay during this 2 month period?

[winner69]

Does anyone have any insight on the staffing implications and hence financial impacts? I.e. is AIR going to have to keep all transtasman staff on full pay during this 2 month period?

Ask and the government giveth I feel the game will be

[Beagle]

Mr B on Variants. Would now be the time most variants emerge as the virus is at its peak or approaching it.

Cap Raise must be the hardest thing to get away now at anything like above a 1.20 give or take 60 cents.

Long day at Rainbow's End with the grandkids...very tired dog.

Initial thoughts. Not surprised by the popping of the bubble. Greg Foran recently said AIR were in the (from memory) "Revive" phase. At the time I thought it was a very bold call, now its clear he's either playing "Charades" (would be if he said it now), or trying to put lipstick on a pig in terms of the pending capital raise, (which clearly was his intention at the time).

I called it months ago, its FAR FAR too early to invest in the reopening trade, be it airlines, hotels, cruise lines, tourism stocks or anything else related to reopening. Simply no mileage in going there, in my opinion. I think Covid variants are going to dog us for many years. The smart money is doubling down on retail that will benefit from record stay at home expenditure for the foreseeable future, probably many years.

Capital raise to be pushed back again or Govt underwritten...those would appear to be the two most logical scenario's. Probably under $1 when it happens. Maybe 2:1 at 75 cents ? (Would raise about $1,680m if fully underwritten less underwriting fees).

[JohnnyTheHorse]

Ask and the government giveth I feel the game will be

"Foran said affected Air New Zealand crew would be kept on and paid their base salary for the eight weeks."

That ought to increase that cash burn.

https://www.stuff.co.nz/business/ind...-home-ceo-says

[Waltzing]

"Long day at Rainbow's End with the grandkids...very tired dog."

A more noble an occupation of ones time could not be found!

It appear the public will be farther encourage to see the country in the spring and some extra holiday pay would help with this.

RBNZ might need to start some money printing again.

Tourism stocks for flights are now a trade.

Oh they stopped that assuming the hot state of the economy cant support it.

[Chinesekiwi]

There will be changes made to staffing - LWOP, part time, ALV, reallocation to other business units or - worse.

Does anyone have any insight on the staffing implications and hence financial impacts? I.e. is AIR going to have to keep all transtasman staff on full pay during this 2 month period?

[Chinesekiwi]

There are temporary re contracted crew - expect changes here.

"Foran said affected Air New Zealand crew would be kept on and paid their base salary for the eight weeks."

That ought to increase that cash burn.

https://www.stuff.co.nz/business/ind...-home-ceo-says