The airline did not specify how many jobs would go, but some 15,000 were employed at the start of 2020
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%
The fear is that, as a collapsed airline system is reconstituted, similar national self-interest will prevail.
Sharp fall in crude oil prices, however, is a positive
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Indigo is set to move towards its new all time high, while SpiceJet has absorbed selling pressure around higher levels
Vistara will deploy 50% of its capacity on international routes in the next five years
While falling crude oil prices is a positive, there are other sectors which might do better