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    AIR   NZAIRE0001S2

AIR NEW ZEALAND LIMITED

(AIR)
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New Zealand to Halve Quarantine in First Step of Opening Border -- Update

10/27/2021 | 09:27pm EST

By Stephen Wright

WELLINGTON, New Zealand--New Zealand plans to allow a shorter quarantine for arrivals to the country in the first step of easing its pandemic border restrictions.

From mid-November, New Zealand will halve the current 14-day quarantine for fully-vaccinated travelers, and aims to move to home isolation from early next year, the government said Thursday.

Chris Hipkins, the Covid-19 response minister, said tourists won't initially be part of the home-isolation system.

New Zealand closed its borders to all but citizens and long-term residents in March 2020 as the pandemic unfolded, a measure that helped halt the spread of Covid-19 for many months.

In practice, the limited number of hotel rooms available for quarantine meant many New Zealanders were unable to return home. The restrictions have also been a financially debilitating burden on the tourism industry and companies such as Auckland International Airport Ltd. and Air New Zealand Ltd.

The quarantine system has become increasingly contentious as vaccination rates increase and after the government abandoned its strategy of stamping out Covid-19 in New Zealand. The number of Covid-19 cases in the community is now far greater than among arrivals in quarantine.

A New Zealand court on Thursday ruled that officials must reconsider their refusal to allow a businessman to isolate at home after a planned trip to the U.S.

Under the transitional arrangements, people who leave state quarantine after seven days would isolate at home for a further three days while awaiting a negative Covid-19 test result. They would also be tested three times while in quarantine.

The government also said that from Nov. 8 it will expand eligibility for quarantine-free arrival from a small number of Pacific island-states that have been free of Covid-19.

Write to Stephen Wright at stephen.wright@wsj.com

(END) Dow Jones Newswires

10-27-21 2327ET

Stocks mentioned in the article
ChangeLast1st jan.
AIR NEW ZEALAND LIMITED -0.33% 1.5 End-of-day quote.-0.66%
AUCKLAND INTERNATIONAL AIRPORT LIMITED -1.35% 7.655 End-of-day quote.-0.58%
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Financials
Sales 2022 2 703 M 1 830 M 1 830 M
Net income 2022 -479 M -325 M -325 M
Net Debt 2022 2 187 M 1 481 M 1 481 M
P/E ratio 2022 -5,53x
Yield 2022 -
Capitalization 1 684 M 1 139 M 1 140 M
EV / Sales 2022 1,43x
EV / Sales 2023 0,77x
Nbr of Employees 7 840
Free-Float -
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Air New Zealand Limited Technical Analysis Chart | AIR | NZAIRE0001S2 | MarketScreener
Technical analysis trends AIR NEW ZEALAND LIMITED
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Income Statement Evolution
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Mean consensus SELL
Number of Analysts 5
Last Close Price 1,50 NZD
Average target price 1,16 NZD
Spread / Average Target -22,7%
EPS Revisions
Managers and Directors
Gregory S. Foran Chief Executive Officer
Richard Thomson Chief Financial Officer
Therese Maria Walsh Chairman
Jonathan Parker Mason Independent Non-Executive Director
Laurissa Cooney Independent Non-Executive Director
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