Air N.Z. loan rate disclosed
NZPA Washington Air New Zealand will pay an interest rate between 8.3 per cent and 9.25 per cent for its loan from the United States ExportImport (Ex-Ini) bank to buy five Boeing ?47 jumbo jets. A bank spokesman declined to disciose the exact figure, but said that it would be “somewhat less than 9.25 per cent." He said that the deal would not go ahead until after October 1, because the Ex-Im bank had exhausted its available loan moneys for the present financial year. However, this was mutually convenient to all parties. It is believed that Air New Zealand will sign a formal contract for the $4O IM deal with Boeing and Rolls-Royce, whigh will supply the engines, in Auckland on Thursdav.
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Press, 14 June 1980, Page 11
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127Air N.Z. loan rate disclosed Press, 14 June 1980, Page 11
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