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Air New Zealand Orders 10 Boeing Jets
Bloomberg ^ | June 1, 2004 | Bloomberg

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 ...


TOPICS: Australia/New Zealand; Business/Economy; Extended News; Foreign Affairs; US: Illinois; US: Washington
KEYWORDS: 777; 7e7; airbus; airnewzealand; boeing; manufacturing
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1 posted on 06/01/2004 4:45:53 PM PDT by COEXERJ145
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To: COEXERJ145

Im glad they didnt buy the A-380..


2 posted on 06/01/2004 4:48:04 PM PDT by cardinal4 (Terrence Maculiffe-Ariolimax columbianus (hint- its a gastropod.....)
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To: cardinal4
Here is the new A-380


3 posted on 06/01/2004 4:49:29 PM PDT by cmsgop ( It Puts The Lotion in the Basket or it gets the Hose Again........)
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To: COEXERJ145; Pukin Dog
Does nayone know howmany 7E7's that they have orders for now.

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.

4 posted on 06/01/2004 4:49:34 PM PDT by CasearianDaoist
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To: COEXERJ145

777's are great passenger aircraft, and Air New Zealand has excellent in-flight customer service. Very nice combination.


5 posted on 06/01/2004 4:51:17 PM PDT by RedWhiteBlue
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To: CasearianDaoist
50 from ANA and now 2 from Air New Zealand with many more expected in the next few months, especially at this year's Farnborough Air Show.

The ANZ order also includes options for 42 unspecified wide bodies.

6 posted on 06/01/2004 4:51:59 PM PDT by COEXERJ145
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To: COEXERJ145
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.

7 posted on 06/01/2004 4:54:43 PM PDT by CasearianDaoist
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To: CasearianDaoist
http://xtramsn.co.nz/news/0,,3882-3398309,00.html
8 posted on 06/01/2004 5:01:39 PM PDT by COEXERJ145
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To: COEXERJ145

Boeing? That's that Chicago company, isn't it?


9 posted on 06/01/2004 5:05:07 PM PDT by sionnsar (http://trad-anglican.faithweb.com/ ||| sionnsar: the part of the bagpipe where the melody comes out)
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To: RedWhiteBlue
....Air New Zealand has excellent in-flight customer service.

Glad to hear that. I'll be honeymooning in NZ this October and am planning on taking ANZ.

10 posted on 06/01/2004 5:07:44 PM PDT by randog (Everything works great 'til the current flows.)
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To: randog

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.


11 posted on 06/01/2004 5:23:28 PM PDT by KangarooJacqui ("by George, I think she's got it!")
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To: CasearianDaoist
I think ANZ wants Boeing to remember who loved them when they place that big-ass 7E7 order down the road. "Who loves ya, baby? Now give me a discount."
12 posted on 06/01/2004 5:26:39 PM PDT by Pukin Dog (Sans Reproache)
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To: KangarooJacqui
All the aircraft will use Rolls Royce power plants.
The 777's will use the Trent 800 series while the 7E7 will use the Trent 1000.

13 posted on 06/01/2004 5:26:53 PM PDT by COEXERJ145
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To: randog

Air New Zealand is a fine airline. New Zealand is a great place to visit. My wife and I did a few years ago.


14 posted on 06/01/2004 5:28:07 PM PDT by NoControllingLegalAuthority
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To: CasearianDaoist; shaggy eel
I am surprised that they did not go with Airbus - I mean that fron a political perspective, not a technical one.

Yeah, Air New Zealand buying Boeings and Qantas (Australia's national airline) buying Airbuses... doesn't make the slightest bit of sense from a political/ideological perspective...

As soon as the Airbuses come into service, Qantas have lost my business for good... and I suspect they'll lose their perfect record (never losing a plane, or even a single life, in the air) soon after that.
15 posted on 06/01/2004 5:29:41 PM PDT by KangarooJacqui ("by George, I think she's got it!")
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To: COEXERJ145

But no Air Force. Go figure.


16 posted on 06/01/2004 5:33:46 PM PDT by buccaneer81 (Rick Nash will score 40 goals this season...)
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To: COEXERJ145

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...


17 posted on 06/01/2004 5:36:48 PM PDT by LadyDoc (liberals only love politically correct poor people)
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To: KangarooJacqui; AMNZ; Brian Allen; concordKIWI

,,, 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.


18 posted on 06/01/2004 5:39:07 PM PDT by shaggy eel
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To: shaggy eel

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.


19 posted on 06/01/2004 5:42:24 PM PDT by Central Scrutiniser (Hilarity ensues)
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To: shaggy eel

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?


20 posted on 06/01/2004 5:45:49 PM PDT by KangarooJacqui ("by George, I think she's got it!")
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