Air New Zealand files for bankruptcy, stops flights and lays off remaining staff due to COVID-19
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Air New Zealand Limited (NZX: AIR; ASX: AIZ) will park all 116 of its airplanes and temporarily lay off its remaining staff as the company files for bankruptcy after a sharp decline in passenger revenue amid the COVID-19 pandemic, the company said Sunday.
The flight company said in a written statement that it has lost 90 of passenger revenue as concerns over the spread of the virus ramped up.
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