AIR - Air NZ.

[JohnnyTheHorse]

Oh dear, this is a down grade , isn't it? Though - given that the losses increase one could call it as well an upgrade

I recon somebody is playing chicken - and it will be the retail shareholders who will be asked to foot the bill. Dilution will be terrible.

I don't feel for the retail holders. I do feel for us taxpayers though.

[Getty]

I don't feel for the retail holders. I do feel for us taxpayers though.

Flying kites used to be a cheap pastime....

[Arbroath]

I don't feel for the retail holders. I do feel for us taxpayers though.

A couple of questions for holders to consider....

1. What month, and year, will AIR raise equity? and
2. How much and at what price?

My guesses are March 2022 and $1b+ at 50 cents a share...right now I'd say they are basically insolvent without the Govt so as a taxpayer I'll be grumpy if the capital raise does not result in significant dilution of existing holders. Govt should go back to 80%+ and then rehabilitate the business over 3-5 years before reducing their stake again and making a solid gain for taxpayers.

[Beagle]

Heard whispers they're still trying to get this capital raise done soon. So losses upgraded by another $80m... Hmmm

[Sideshow Bob]

Heard whispers they're still trying to get this capital raise done soon. So losses upgraded by another $80m... Hmmm

Don't think there has been anything since they announced September this year? Less than 2 months to complete.

Wasn't the CFO staying around until the capital raise is done??

Air New Zealand capital raise deferred - Media releases | Air New Zealand

[Beagle]

Don't think there has been anything since they announced September this year? Less than 2 months to complete.

Wasn't the CFO staying around until the capital raise is done??

Air New Zealand capital raise deferred - Media releases | Air New Zealand

Yeap, end of September is the target. Who knows if this gets pushed out again due to the dreadful current state of the business. They're going to need an awful lot of lipstick for this pig.

I am not sure how anyone with a straight face could claim this company is now in the "Revive" mode which is what Greg Foran suggested a little while back.

To be honest I am not sure how on earth they will try and "sell" the investment case to shareholders with this pending XXXXL capital raise but I would hope they don't resort to telling outright porky's and being deliberately deceptive.

“It’s much easier to stay out of trouble now than to get out of trouble later.” — Warren Buffett

[Dassets]

But here is the gorilla in the chandelier shop. AIR has $1.1 billion of revenue in advance(current and long) as at end Dec 20. And YES the money already spent!! Guess what, that problem just gets bigger with the last bubble burst. Revenue for Aussi lock down now credit notes issued (including moi). When they come to be used no actual cash in the tin. However they still need to pay for fuel and the pilots' 6 percent proposed pay rise. Should give the pilots an IOU..... or better a UOM(you owe me). I reiterate re the cap raise.. who is going to sign that off. As a director I wouldn't.

[BlackPeter]

But here is the gorilla in the chandelier shop. AIR has $1.1 billion of revenue in advance(current and long) as at end Dec 20. And YES the money already spent!! Guess what, that problem just gets bigger with the last bubble burst. Revenue for Aussi lock down now credit notes issued (including moi). When they come to be used no actual cash in the tin. However they still need to pay for fuel and the pilots' 6 percent proposed pay rise. Should give the pilots an IOU..... or better a UOM(you owe me). I reiterate re the cap raise.. who is going to sign that off. As a director I wouldn't.

Taxpayer will - but I guess it all depends on the price. I am sure, the share will be worth something, it just will be significantly less than the current SP.

4 billion at 33 cents? :

[winner69]

Capital raise put off until next year

government not keen on one 'at this time' - wonder what that means?

At least Grant asked Dame Therese to convey his gratitude to the board and management for the good work they are doing


http://nzx-prod-s7fsd7f98s.s3-websit...176/352094.pdf

[Stranger_Danger]

Capital raise put off until next year

government not keen on one 'at this time' - wonder what that means?

At least Grant asked Dame Therese to convey his gratitude to the board and management for the good work they are doing


http://nzx-prod-s7fsd7f98s.s3-websit...176/352094.pdf

The only thing that is 100% a fact is that the dominant shareholder has declined to contribute equity at this moment in time. Everything past that is speculation, but that is a stone cold fact.

There was a time when such a decision would have been viewed as a "key tell" by others and the shares would fall dramatically, but in this bizzaro world they'll probably go up.