Air New Zealand picks Boeing for wide-body jet order


The carrier, which currently operates only Boeing wide-body jets on long-haul routes and Airbus single-aisle jets on shorter ones, has been weighing a purchase of new wide-body jets to replace eight Boeing 777-200ER aircraft.

PARIS: Boeing Co has won a hard-fought contest to sell wide-body aircraft to Air New Zealand Ltd, beating a challenge from Europe’s Airbus, industry sources said on Monday.

The carrier, which currently operates only Boeing wide-body jets on long-haul routes and Airbus single-aisle jets on shorter ones, has been weighing a purchase of new wide-body jets to replace eight Boeing 777-200ER aircraft.

Air New Zealand, Boeing and Airbus did not immediately respond to a request for comment.

The airline has said it is examining the Airbus A350 and the Boeing 777X or 787 models, with the aim of launching longer routes like Auckland-New York and Auckland-Brazil.

Air New Zealand Finance Director Jeff McDowall said in an analyst briefing in March that a decision on the aircraft purchase should be made in the next few months, but that the airline would need fewer replacement jets than originally anticipated in 2023 due to network changes.

The airline launched a two-year cost reduction program in March and deferred aircraft capital expenditures of about NZ$750 million ($490.1 million) as part of a business review.

In February, it slashed domestic fares by as much as 50 percent in a shake-up of its pricing structure in response to the slackening travel market. - Reuters

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Air Nw Zealand , Boeing , Airbus ,

   

Next In Business News

Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM
Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain

Others Also Read