Covid-19: Govts put conditions for offering financial lifelines to airlines

Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.

Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%, while US airlines cannot increase executive pay or providing "golden parachutes" for two years. New Zealand on Friday offered.....

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