Air New Zealand has eight 787-9 aircraft on firm order with delivery of the first initially expected around the end of 2010, with all aircraft delivered by late 2013.

The delivery of the first aircraft is now likely in early 2012.

As a result of the delay, Air New Zealand will be entering into compensation discussions with Boeing.

"While disappointed, Air New Zealand has retained sufficient flexibility in its existing portfolio of leased and owned aircraft to ensure no capacity shortfall arises during this period," says Air New Zealand Chief Financial Officer Rob McDonald.

"However we are yet to determine if there will be any impact on our network expansion plans. We are obviously very disappointed that in the current environment of high jet fuel prices, we will not be able to take advantage of the significantly improved economics that this aircraft will provide in the timeframes we initially expected."

Air New Zealand also has four 777-300ER aircraft on order from Boeing which will be delivered in 2010 and 2011. Their delivery remains on schedule and will enable Air New Zealand to continue to grow capacity over this period as planned.


Ends

Issued by Air New Zealand Public Affairs. Phone: 09 336 2761

 

NOTE: The content of all Air New Zealand media releases are accurate at the time of issue, as stated at the top of each release. For updates on any changes, please contact Air New Zealand.

Air New Zealand is proud to be a member of Star Alliance. The Star Alliance network was established in 1997 as the first truly global airline alliance to offer worldwide reach, recognition and seamless service to the international traveller. Its acceptance by the market has been recognised by numerous awards, including the Air Transport World Market Leadership Award, Best Airline Alliance by both Business Traveller Magazine and Skytrax. The member airlines are: Adria Airways, Air Canada, Air China, Air New Zealand, ANA, Asiana Airlines, Austrian, Blue1, bmi, Continental Airlines, Croatia Airlines, EGYPTAIR, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shanghai Airlines, Singapore Airlines, South African Airways, Spanair, SWISS, TAP Portugal, Turkish Airlines, THAI, United and US Airways. Aegean Airlines, Air India, Brussels Airlines and TAM have been announced as future members. Overall, the Star Alliance network offers 19,500 daily flights to 1,071 airports in 171 countries.

For more information about Air New Zealand visit www.airnewzealand.com and for more information about Star Alliance visit www.staralliance.com.