AIR - Air NZ.

[Jaa]

No mucking about mate, they need at least a billion to last them through the current FY21 year and most of the way through FY22 and maybe by then there might be a vaccine and they can slowly start to rebuild in FY23 or maybe not and they will need to raise even more money further down the track.

I agree, a billion is my pick too. They have stated the need to keep liquidity above $700m so it won't be small. A 1:1 Rights issue at $1 with the government as underwriter would be my guess. A lot can change before Feb-Jun though!

One of the upside surprises that could happen is a Tasman or Pacific bubble. Aussies seem very keen to get going even if it is only one way! Considering the pressure their quarantine capacity is under and the disgraceful way they have abandoned their own citizens abroad, makes no sense to fill up the limited quarantine space with Kiwis, who are much less likely to be infected than the average ocker. Singapore and Japan are already doing this with Kiwi visitors, testing and letting them enter once negative.

TRANS-TASMAN BUBBLE TO LAUNCH ASAP, SAYS MINISTER

[Waltzing]

No big influx of returning from overseas.

https://www.stuff.co.nz/national/hea...h-says-experts

[Zaphod]

Certainly from an IT industry perspective, we have not seen great hordes of highly qualified New Zealanders returning to scoop up relatively lowly paid positions at small companies. This may occur over the next few years (as the article notes) due to the COVID economic hit in Europe for example, or perhaps the implications of BREXIT, but we're not seeing it right now. I would posit that those who are returning, may leave again if things settle down on the international stage. NZ cannot provide the career opportunities or salaries available in larger, more connected countries.

[Snow Leopard]

Up In The Air by 7.2%

NZX-AIR-2020-10-02.jpg

Even my trusty software has flagged it as 'worthy of attention'. [ Bug report issued ]

[Cadalac123]

Up In The Air by 7.2%

NZX-AIR-2020-10-02.jpg

Even my trusty software has flagged it as 'worthy of attention'. [ Bug report issued ]

haha what software do you use ?

[Beagle]

Not sure why the shares would spike on Friday ? Maybe overseas investors simply saw the headline "Transtasman Bubble" and that moved the market ?
Maybe talk of another round of U.S Govt support for American carriers prompted overseas buying of AIR...but the NZ Govt's "support" for AIR is very different to other countries.
As for the new travel bubble...well that's very different to what some might have imagined too https://www.nzherald.co.nz/business/...ectid=12370073
Hands up all those who would choose to go to Australia and are prepared to pay $4,000 on their return to spend 14 days in quarantine with their partner in a small hotel room in a hotel with lots of other people coming from different parts of the world that have been heavily impacted by Covid ? That's a "highly attractive" proposition isn't it

Sometimes spending just one day in a large 300 sq meter house is a challenge with Mrs Beagle...hope she's not reading this lol

[percy]

Not sure why the shares would spike on Friday ? Maybe overseas investors simply saw the headline "Transtasman Bubble" and that moved the market ?
Maybe talk of another round of U.S Govt support for American carriers prompted overseas buying of AIR...but the NZ Govt's "support" for AIR is very different to other countries.
As for the new travel bubble...well that's very different to what some might have imagined too https://www.nzherald.co.nz/business/...ectid=12370073
Hands up all those who would choose to go to Australia and are prepared to pay $4,000 on their return to spend 14 days in quarantine with their partner in a small hotel room in a hotel with lots of other people coming from different parts of the world that have been heavily impacted by Covid ? That's a "highly attractive" proposition isn't it

Sometimes spending just one day in a large 300 sq meter house is a challenge with Mrs Beagle...hope she's not reading this lol

I will take plan "B'....lol.

[winner69]

One AIR Dreamliner heading down Antartica way next year

https://vivaexpeditions.com/tours/ne...ghts-by-flight

[Heimand]

One AIR Dreamliner heading down Antartica way next year

https://vivaexpeditions.com/tours/ne...ghts-by-flight

1195$ for 10 hours flight, everything included! Love this 🤩

[Jaa]

For a lot of people this change is very beneficial. Will be a bit of pent up demand with lots of families split up in the world at the moment. If your relative was unwell, even the option to head to Australia without quarantine is very comforting. As I noted above it also releases quarantine spaces for Australians to return home from other parts of the world. Will be lots of pressure on Queensland to follow suit.

One of the byproducts of having such competent and internationally trusted leadership under the Labour led coalition is NZ's enhanced access to the world. With the NZ passport now ranked the most powerful in the world. We all owe our civil servants, healthcare workers and the government thanks.

In response, Air New Zealand says it's lifting its caps on several of its flights into Sydney, opening up more than 12,000 seats on flights into the city between now and January. - Air New Zealand opens up thousands of flights as partial trans-Tasman bubble announced