Posted on 06/01/2004 4:45:52 PM PDT by COEXERJ145
June 2 (Bloomberg) -- Air New Zealand Ltd., the nation's largest airline, plans to add 10 Boeing Co. aircraft to upgrade its long-haul fleet.
The carrier will buy four Boeing 777-200 ER planes and lease a further four. The cost of buying and maintaining the eight planes will exceed NZ$1 billion ($627 million), the company said in a statement from Auckland. It will also buy two 7E7 aircraft at a total cost of NZ$350 million. The airline has a right to buy a further 42 long-haul aircraft.
Last week, Air New Zealand's debt was rated Ba2 by Moody's Investors Service, after the ratings company commenced coverage. The rating is Moody's second-highest junk rating. The airline said it no longer retains the services of Standard & Poor's.
(Excerpt) Read more at quote.bloomberg.com ...
Im glad they didnt buy the A-380..
PD, what is you thought on this buy? I am surprised that they did not go with Airbus - I mean that fron a political perspective, not a technical one.
777's are great passenger aircraft, and Air New Zealand has excellent in-flight customer service. Very nice combination.
The ANZ order also includes options for 42 unspecified wide bodies.
Do you have a source for this other than this article, it look pretty tenuous to me - the other 42 planes I mean.
I am sure rooting for the 7E7.
Boeing? That's that Chicago company, isn't it?
Glad to hear that. I'll be honeymooning in NZ this October and am planning on taking ANZ.
Believe me, you won't be sorry. Air New Zealand is my airline of choice (yes, even over and above Qantas, who have gone right off in recent years)...
Good to see they're buying more Boeings - just one more reason to fly with them.
Air New Zealand is a fine airline. New Zealand is a great place to visit. My wife and I did a few years ago.
But no Air Force. Go figure.
after all the beautiful scenery in LOTR, a lot of people decided they want to go there. Tourism is up...so I guess they are buying jets to bring in the money/tourists.
The mountains there are called the "Southern Alps" and have long been a skier's dream...
,,, this is a surprise. Boeing must have pulled out all the stops and really sharpened their pencil on this quote. I thought Airbus was the hot contender in this round. I've never been on a 777. This is good news.
Well, the economic numbers are starting to go the right way for the 7E7, the fuel efficiency and range are positives, as well as it being a good, solid replacement for the 767. On many routes you do not need the sheer amount of pax that the A380 can hold, and there are concerns about what the real cost to airports are to accomodate the A380. I had a good article about it a few weeks back, I'll try to find it.
I've never been on a 777 either. I don't think there are any airlines in this part of the world that fly them - yet.
And the 7E7 will be a sight to see. Apparently, from the inside, it looks like they have no ceiling (giving a real feeling of space which I daresay would be valuable to those of us who get claustrophobic on those trans-Pacific flights...)
There's still rumblings about Air NZ and Qantas merging, though, which bothers me. Are they really going to need all those new planes that both airlines are ordering, if perchance the govt. authorities give in and allow the merger?
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