28 Aug 2020

Crisis-hit Air NZ to dip into huge Government loan

From Nine To Noon, 9:30 am on 28 August 2020
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Photo: 123RF, RNZ

Air New Zealand is about to dip into a huge government loan, after reporting heavy losses yesterday.

Chief executive Greg Foran has cited concerns over the airline's ability to fly internationally, if government funding to fly freight doesn't continue past November.

The airline's domestic service has been struck again by the latest Covid outbreak, with social distancing requirements hitting revenue. 

When the airline resumes flights in and out of Auckland on Monday, seat capacity  on larger aircraft will be only two thirds, on smaller planes, 50 percent. 

Masks will be compulsory on all flights. Kathryn Ryan speaks with Air New Zealand Chief Revenue officer Cam Wallace.