Air New Zealand Has Options Beyond Raising Equity -- Market Talk

Dow Jones05-12

0058 GMT - An equity raising is only one option available to Air New Zealand as measures to reduce its debt burden become necessary, says Jarden. It expects Air New Zealand's net debt-to-Ebitda to be 5x at the end of FY 2026. That is "well above Air New Zealand's target range of 1.5x-2.5x, which suggests some capital management response is required," analyst Grant Lowe says. Alternatives to an equity raising include the deferral or cancellation of planned aeronautical capex, says Jarden, noting Air New Zealand's plans here totaled NZ$3.4 billion at 1H. It could also pursue a sale-and-leaseback arrangement of unencumbered aircraft, which represented NZ$2.3 billion at 1H. "While the latter option would assist with liquidity, we note it would increase the future lease liability," Jarden says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 11, 2026 20:58 ET (00:58 GMT)

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Alternatives to an equity raising include the deferral or cancellation of planned aeronautical capex, says Jarden, noting <a href=\"https://laohu8.com/S/AIR.NZ\">Air New Zealand</a>'s plans here totaled NZ$3.4 billion at 1H. It could also pursue a sale-and-leaseback arrangement of unencumbered aircraft, which represented NZ$2.3 billion at 1H. \"While the latter option would assist with liquidity, we note it would increase the future lease liability,\" Jarden says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 20:58 ET (00:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Air New Zealand Has Options Beyond Raising Equity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAir New Zealand Has Options Beyond Raising Equity -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-12 08:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0058 GMT - An equity raising is only one option available to <a href=\"https://laohu8.com/S/ANZFF\">Air New Zealand</a> as measures to reduce its debt burden become necessary, says Jarden. It expects <a href=\"https://laohu8.com/S/ANZLY\">Air New Zealand</a>'s net debt-to-Ebitda to be 5x at the end of FY 2026. That is \"well above <a href=\"https://laohu8.com/S/AIZ.AU\">Air New Zealand</a>'s target range of 1.5x-2.5x, which suggests some capital management response is required,\" analyst Grant Lowe says. Alternatives to an equity raising include the deferral or cancellation of planned aeronautical capex, says Jarden, noting <a href=\"https://laohu8.com/S/AIR.NZ\">Air New Zealand</a>'s plans here totaled NZ$3.4 billion at 1H. It could also pursue a sale-and-leaseback arrangement of unencumbered aircraft, which represented NZ$2.3 billion at 1H. \"While the latter option would assist with liquidity, we note it would increase the future lease liability,\" Jarden says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 20:58 ET (00:58 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634254663","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634254663","pubTimestamp":1778547480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0058 GMT - An equity raising is only one option available to Air New Zealand as measures to reduce its debt burden become necessary, says Jarden. It expects Air New Zealand's net debt-to-Ebitda to be 5x at the end of FY 2026. That is \"well above Air New Zealand's target range of 1.5x-2.5x, which suggests some capital management response is required,\" analyst Grant Lowe says. Alternatives to an equity raising include the deferral or cancellation of planned aeronautical capex, says Jarden, noting Air New Zealand's plans here totaled NZ$3.4 billion at 1H. It could also pursue a sale-and-leaseback arrangement of unencumbered aircraft, which represented NZ$2.3 billion at 1H. \"While the latter option would assist with liquidity, we note it would increase the future lease liability,\" Jarden says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","AIZ.AU":"AIR NEW ZEALAND LTD","T10G.NZ":"S&P/NZX 10","AIR.NZ":"Air New Zealand Limited (NS) Ordinary Shares","NZ20C.NZ":"S&P/NZX 20","BK8015":"航空公司","BK4588":"碎股","BK4215":"住宅房地产投资信托","EQR":"资产住宅公司","NZ50G.NZ":"S&P/NZX 50","BK7030":"航空公司"},"translate_title":"新西兰航空除了筹集股权之外还有其他选择——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T10G.NZ":1.5,"NZ20C.NZ":1.5,"NZ50G.NZ":1.5,"EQR":1.5,"AIZ.AU":0.9,"AIR.NZ":0.9},"content_text":"0058 GMT - An equity raising is only one option available to Air New Zealand as measures to reduce its debt burden become necessary, says Jarden. It expects Air New Zealand's net debt-to-Ebitda to be 5x at the end of FY 2026. That is \"well above Air New Zealand's target range of 1.5x-2.5x, which suggests some capital management response is required,\" analyst Grant Lowe says. Alternatives to an equity raising include the deferral or cancellation of planned aeronautical capex, says Jarden, noting Air New Zealand's plans here totaled NZ$3.4 billion at 1H. It could also pursue a sale-and-leaseback arrangement of unencumbered aircraft, which represented NZ$2.3 billion at 1H. \"While the latter option would assist with liquidity, we note it would increase the future lease liability,\" Jarden says. 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