Grant Bradley: Why Air NZ is too important to fail
This is much different to the last time the Government bailed the airline out.
This is much different to the last time the Government bailed the airline out.
A New Zealand citizen must use her German passport to get out of Argentina.
Focus Live: The Government is handing Air New Zealand a $900 million lifeline as it copes with the coronavirus fallout.
Samoa has its first suspected Covid-19 case - a person who travelled there from Auckland.
Airlines are balancing hunkering down with readiness for some sort of normal.
The move has been triggered by the public health response to the coronavirus crisis.
New boss says airline will prevail but will look much different.
Economic Development Minister Phil Twyford has announced details of the Government's $600 million aviation support package to cushion the impact of Covid-19.
Air NZ has slashed capacity and is poised for even deeper cuts in its domestic routes.
Air New Zealand CEO Greg Foran discusses the airlines latest response to coronavirus. Video / Supplied
The move is a further blow to the airline which has suffered heavy losses recently.
There are 12 confirmed cases of the virus in New Zealand - all are linked to overseas.
Air New Zealand has activated crisis centres at head office and at Auckland Airport.
Moves to safeguard connections to the world have been welcomed.
Australian carrier says it may use passenger planes for freight operations.
Slumping demand and travel restrictions mean services are pared back or suspended.
The interim dividend of 11c has also been cancelled.
'We just want to get out... it doesn't matter which country we go to'.
An analyst says the Government is likely to be called in to help prop up the airline.
The airline is working with the Government and unions as the crisis deepens.
The strict restrictions left room for some Kiwis to continue doing their jobs.
Shares in one of the world's biggest carriers fell by nearly 25 per cent.
This comes a month after the company cut its annual earnings guidance by $5m.
But one NZ agent says there are signs businesses have plans to resume travel.
Hundreds of trips will need to be rebooked by agents.
Staff are being redeployed around the business.
COMMENT: Reasons behind salary sacrifices are bad news in the long run for passengers.
The airline is slashing capacity, grounding superjumbos as it rides the storm
Greg Foran started in Air NZ's top job on February 3 - as the Covid-19 crisis hit