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The Hill’s 12:30 Report: Senate panel votes to subpoena Twitter, Facebook, Google CEOs |  ‘Trump fatigue’ spells trouble |  Senate GOP frustrated after Tuesday’s debate |  Trump signs funding bill after short lapse | NYC becomes first big city to reopen all schools |  Five cursing parrots separated

 

LATEST WITH GOVERNMENT FUNDING

A teeny lapse in government funding:

 

 

Via The Hill’s Niv ElisPresident TrumpDonald John TrumpTrump signs bill averting shutdown after brief funding lapse Privacy, civil rights groups demand transparency from Amazon on election data

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Air New Zealand has drawn down $72 mln of government loan

Airline unable to provide earnings guidance, expects loss

Has around NZ$1 billion of liquidity, still burning cash

Will refresh loyalty programme, improve digital tools

Adds comments from chairman and CEO

SYDNEY, Sept 29 (Reuters)Air New Zealand Ltd AIR.NZ said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.

The airline reiterated that it expected to report a second consecutive annual loss in the financial year ending June 30, 2021, and that it was not able to provide earnings guidance.

“With the outlook for future passenger demand clearly uncertain, and highly dependent on the removal of travel restrictions both here in New Zealand and globally, we know that Air New Zealand will continue to be a smaller business for some time to come,” Chairman Therese Walsh said

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Air New Zealand has drawn down $72 million of government loan

FILE PHOTO: An Air New Zealand Boeing Dreamliner 787-9 takes off from Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple

SYDNEY (Reuters) – Air New Zealand Ltd AIR.NZ said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.

The airline reiterated that it expected to report a second consecutive annual loss in the financial year ending June 30, 2021, and that it was not able to provide earnings guidance.

“With the outlook for future passenger demand clearly uncertain, and highly dependent on the removal of travel restrictions both here in New Zealand and globally, we know that Air New Zealand will continue to be a smaller business for some time to come,” Chairman Therese Walsh said at the airline’s annual meeting, webcast from Auckland. Yes chairman not

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Air New Zealand Begins Drawing Down Government Debt Facility, Flags Future Capital Raising | Investing News

SYDNEY (Reuters) – Air New Zealand Ltd

said on Friday it had begun to draw down on a NZ$900 million ($589.95 million) government debt facility that would give it time to review its capital structure and complete a capital raising by June 2021.

The airline said the New Zealand government had reaffirmed its commitment to maintaining a majority shareholding and its board was in constructive talks with the government about its capital structure and funding.

New Zealand is due to hold a national election on Oct. 17, with polls showing incumbent Prime Minister Jacinda Ardern is on track to win.

The airline had last month said it would need to draw down on the government loan to help it weather the severe loss in revenue during the coronavirus pandemic after it reported its first annual loss in nearly two decades.

Along with interest rates of 7-9%, the loan gives the

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