Photo: AFP
Air New Zealand is looking to raise $2.2 billion to recover from the pandemic, through a complicated mix of shares and borrowing that will keep the government's majority share.
The airline will raise $1.2b dollars through a heavily discounted share sale to shareholders.
The other billion comes from the government in shares and debt, allowing Air New Zealand to repay debt and have reserves.
To explain what this means, Karyn speaks to Infometrics Principal Economist Brad Olsen.
