AIR - Air NZ.

[Dassets]

AIR is not stable enough to do a cash issue. That is why it keeps getting put off. Even Min of Fin said that in a letter to AIR. To raise $1.5 bil and still be loss making for 2 or 3 years is a problem for an operating business. Remember AIR had already consumed the cash paid for tickets then issued the biggest IOU in NZ history. To me it is up there with a scam.

[Sideshow Bob]

Their op stats for December. Not much to get excited by......

364129.pdf (nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com)

[winner69]

Big fall in passenger numbers in December v prior year ... even domestic was down 23%

http://nzx-prod-s7fsd7f98s.s3-websit...905/364129.pdf

[Waltzing]

Its the BIG STAY AT HOME in the HUT coming. Now if your in the country side or rural towns its dont go near those big population centres.

Apparently hospitality already noticing a big slow down...

[Beagle]

https://www.nzherald.co.nz/business/...5EAZARA2GIQDA/

Much excitement at AIR. Great selling point for their pending gargantuan capital raise. What an "amazing" opportunity that will be

[Sideshow Bob]

https://www.nzherald.co.nz/business/...5EAZARA2GIQDA/

Much excitement at AIR. Great selling point for their pending gargantuan capital raise. What an "amazing" opportunity that will be

Is the IAFC still going?

Besides, got to fly in all those RAT tests just ordered...

[nztx]

https://www.nzherald.co.nz/business/...5EAZARA2GIQDA/

Much excitement at AIR. Great selling point for their pending gargantuan capital raise. What an "amazing" opportunity that will be

Seeing as Robertson's "strip the Reserve Bank by Borrowing from Yourself" didn't quite make it to Germany's
1920's inflationary currency printing levels, maybe AIR could try the same with billions of ultimately
worthless new shares - likely to be hovered up consolidated and cancelled in the future, once AIR thinks
everyone has gotten past the point of remembering that they paid good money for the things

[Baa_Baa]

Although it seems on the face of it that shareholders could be crushed by AIR's pending requirement for tons of new capital, it begs the question why the top 9 shareholders (not including Government) continue to hold such large positions?

[nztx]

Although it seems on the face of it that shareholders could be crushed by AIR's pending requirement for tons of new capital, it begs the question why the top 9 shareholders (not including Government) continue to hold such large positions?

Who would dare crash the SP of AIR for all though - and who would buy large ?

The captive Quazi Govt rabbits in the hat - like ACC, etc certainly wouldn't want to be seen rocking boat

[Beagle]

Seeing as Robertson's "strip the Reserve Bank by Borrowing from Yourself" didn't quite make it to Germany's
1920's inflationary currency printing levels, maybe AIR could try the same with billions of ultimately
worthless new shares - likely to be hovered up consolidated and cancelled in the future, once AIR thinks
everyone has gotten past the point of remembering that they paid good money for the things ;)

History "never" repeats eh