Like the Government, Air New Zealand went hard and early in its response to Covid-19. Just days into New Zealand’s alert level 4 lockdown in March the airline said it would be downsizing to a third of what it was pre-pandemic.
The Government owns 52 per cent of the company, but it operates as a commercial business with no public service obligations other than returning a profit. Air New Zealand is not covered by the State Owned Enterprises Act, but is run as a private company under the Companies Act.
By underwriting a capital raise the Government would guarantee the raising of funds by picking up any shortfall of rights that shareholders did not subscribe to, while also taking up the rights of its existing shares, potentially resulting in the Crown holding a greater stake in the airline.
Drawn-out discussions between Air New Zealand and the Government over the company’s future capital structure could be a sign the airline’s majority shareholder is considering taking a bigger stake, or possibly full ownership, of the national carrier, an aviation expert says.
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Pickup of garbage, recycling, and compost was stopped on Friday but will resume Saturday morning so residents should leave bins out; the city’s transfer station is closed on Friday; and the recycling center is also closed on Friday.
The Civil Aviation Administration of Vietnam (CAAV) said Tuesday that there were 36 incidents in the first eight months of this year, down 45 percent year-on-year. However, among these were two accidents deemed “serious” and six others carrying a high level threat to aviation safety.
The 287 cities surveyed had reported more than 52 monitoring days’ data in 2018 during which air pollution exceeded the national ambient air quality safety standards of 60 microgrammes per cubic metre (µg/m3) for the concentration of PM10 (particles less than 10 microns suspended in the air, which can cause ailments).
As of 8 a.m., the EPA’s AirNow website recorded Sacramento’s AQI at 484, placing it at the highest level of concern on the scale. People are being advised to stay indoors and reduce activity levels.
With the air quality index at a very unhealthy level of 247 on Friday afternoon, the city advises residents to consider moving physical activities indoor, rescheduling them or keeping them short.