Tag: Zealand (Page 6 of 6)

Air New Zealand Confirms Order for Eight Boeing 787 Jets

May 28, 2019 / WIL BALDWIN

WELLINGTON (Reuters) – Air New Zealand Ltd said on Monday it has ordered eight Boeing Co 787-10 Dreamliner jets worth $2.7 billion (2.12 billion pounds) at list prices, to be powered by General Electric Co engines, as part of a drive toward increased efficiency.

New Zealand’s flag carrier also trimmed its earnings outlook citing higher fuel prices, and said problems with Rolls-Royce Holdings PLC engines and a moderation in demand growth have impacted its financial and operational performance.

The new plane order confirmed a Reuters report last week that Boeing had beaten out rival Airbus SE, which had proposed the A350 for the hotly contested deal.

The airline, which has Rolls-Royce engines on its existing fleet of 13 787s, announced it had switched to GE engines for the new order.

The 787s will replace eight older 777-200ERs and leave the carrier with an all-Boeing wide-body fleet as well as Airbus A320 family jets for shorter flights.

The order comprises eight long-range 787-10s, with the agreement including an option to increase the number of aircraft to 20.

The deal also gives the airline, which has previously mentioned a goal of flying Auckland-New York non-stop, the option to switch some aircraft to the longer range 787-9s.

“With the 787-10 offering almost 15 percent more space for customers and cargo than the 787-9, this investment creates the platform for our future strategic direction and opens up new opportunities to grow,” Air New Zealand Chief Executive Christopher Luxon said in a statement.

The eight jets will enter the Air New Zealand fleet between 2022 and 2027, the airline said.

“The 787-10 has 95 percent commonality with Air New Zealand’s existing fleet of 787-9s and will provide the airline with added benefits in terms of capacity and overall operations,” Vice President of Boeing Commercial Sales and Marketing for Asia Pacific Christy Reese said.

The 787-10 is the largest member of Boeing’s Dreamliner series, and can serve up to 330 passengers in a standard two-class configuration, about 40 more than the 787-9 airplane.

The airline said the 787 was 25 percent more fuel efficient than the jets it is replacing, and noted that carriers typically receive large discounts on the list price of jets.

HEADWIND

In a separate announcement, Air New Zealand trimmed its 2019 earnings before taxation, saying it now expects to beat NZ$340 million ($223 million). That compared with a forecast range of NZ$340 million to NZ$400 million announced in late March.

The change was due to an additional NZ$25 million headwind from increased jet fuel prices, the company said.

The airline also said Rolls-Royce engine issues – in which components prematurely fail or needed extra checks – impacted 2,500 flights and led to 150 cancellations, affecting its financial performance.

Air New Zealand in March launched a two-year cost reduction programme and said it would defer spending on aircraft by about NZ$750 million ($491 million) as part of a business review.

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

(Reporting by Praveen Menon in Wellington, Aditya Soni in Bengaluru and Jamie Freed in Singapore; Editing Richard Pullin and Christopher Cushing)

Air New Zealand Picks Boeing for Wide-body Jet Order

May 20, 2019 / WIL BALDWIN

PARIS (Reuters) – Air New Zealand Ltd has decided to buy wide-body planes from Boeing Co, people with direct knowledge of the matter said, ending an 18 month battle between the U.S. aircraft maker and European rival Airbus SE.

The carrier has been considering replacing eight Boeing 777-200ER aircraft in a deal worth over $2 billion at list prices, though carriers typically receive steep discounts. Air New Zealand already uses Boeing wide-bodies exclusively on long-haul flights, and Airbus single-aisle jets on shorter routes.

The final choices under consideration were the Boeing 787 and Airbus A350, Air New Zealand Chief Financial Officer Jeff McDowall said in a video interview with the New Zealand Herald published on Saturday.

“They are both fantastic aircraft,” McDowall said. “Both produce a fantastic customer experience compared to the existing aircraft but also a lower cost and lower carbon emissions… We expect to make a decision soon, in the next month.”

Air New Zealand already operates 13 787-9 jets and has one more on order. The airline did not respond to a Reuters’ request for comment. It will hold an annual investor briefing on May 27.

Boeing and Airbus declined to comment. The people with direct knowledge of the matter declined to be identified ahead of a public announcement.

Air New Zealand’s chief executive, Christopher Luxon, last year told Reuters the larger Boeing 777X was also under consideration, and that the airline planned to use the new jets to begin longer routes such as Auckland to New York and Brazil.

In March, CFO McDowall in an analyst briefing said the airline would need fewer replacement jets in 2023 than initially anticipated due to changes in its flight network.

Air New Zealand began a two-year cost reduction program in March and deferred aircraft capital expenditure of about NZ$750 million ($490.1 million) as part of a business review.

A month earlier, it slashed domestic fares by as much as 50% in a shake-up of its pricing structure in response to a slackening travel market.

(Reporting by Tim Hepher in Paris; Additional reporting by Praveen Menon in WELLINGTON; Editing by Stephen Coates and Christopher Cushing)

FILE PHOTO: An Air New Zealand Airbus A320-200 plane takes off from Kingsford Smith International Airport in Sydney, Australia, February 22, 2018. REUTERS/Daniel Munoz/File Photo

Dassault Aviation at the EBACE 2019 Event

May 17, 2019 / WIL BALDWIN

The Dassault Aviation group is delighted to be presenting its dual civil and defense know-how at the 2019 edition of EBACE, Europe’s primary business aviation event, to be held in Geneva from 21 to 23 May.

Saint-Cloud, France, 17 May 2019 – The Dassault Aviation group is delighted to be presenting its dual civil and defense know-how at the 2019 edition of EBACE, Europe’s primary business aviation event, to be held in Geneva from 21 to 23 May.

Three Dassault aircraft will be presented in the static display:

a Falcon 8X tri-jet,
a Falcon 900LX tri-jet,
a Falcon 2000S twin-jet.

The Falcons designed and built by Dassault Aviation are a family of business aircraft which have earned a reputation for handling, operational flexibility, low consumption and technological innovation. © Dassault Aviation – All Rights Reserved

On its stand, Dassault Aviation will also be presenting:

a full-scale mock-up of the cabin of the Falcon 6X, the new Falcon twin-jet currently under development. Visitors will be able to enter this mock-up, which is fully representative of the features and comfort of the actual cabin;
a mock-up of the Rafale, the multi-role combat aircraft, which has proven itself in numerous theatres of operations. The Rafale is a candidate for the Swiss Air Force’s combat fleet renewal program;
a mock-up of the nEUROn stealth combat UAV demonstrator built under the project leadership of Dassault Aviation, in cooperation with companies from five European countries, including Ruag of Switzerland;
a representation of the new capabilities of Dassault Aviation’s Falcon maintenance networks, notably following the acquisition of MRO activities of TAG Aviation in Europe and ExecuJet in Asia, Australia, New Zealand, Africa, the Middle East and Europe.

As well as being the lynchpin of a strategic industrial network comprising hundreds of companies in France and around the world, Dassault Aviation is also the core industrial shareholder of the Thales Group and the leader of the new-generation European combat aircraft program.

Air Vanuatu Selects Airbus A220 for Fleet Expansion

February 26, 2019 / WIL BALDWIN

Melbourne, 26th February 2019 – Air Vanuatu, the national flag carrier of the Pacific island nation of Vanuatu, has signed a firm order with Airbus for four A220s (two A220-100s and two A220-300s). Air Vanuatu’s first ever order with Airbus makes it the launch customer of the A220 in the Pacific region.

Based at Bauerfield International Airport in the capital Port Vila, Air Vanuatu operates to 26 domestic airports and internationally to Australia, New Zealand, Fiji and New Caledonia. It began services in 1987, and has played a vital role in establishing Vanuatu as a tourist and investment destination. Currently the airline operates a Boeing 737 and ATR 72 fleet.

Air Vanuatu Chief Executive Officer Derek Nice said: “We are proud to be the launch airline in the South Pacific of the best-in-class Airbus A220. These aircraft will be deployed to operate on our current domestic and international routes, including our newly announced non-stop Melbourne-Vanuatu service, and will bolster plans to expand our network in the South Pacific.”

“By ordering the A220 Air Vanuatu is making a significant investment in advanced technology and superior passenger comfort, while demonstrating its respect for fuel efficiency and the environment. Air Vanuatu’s decision to place the Airbus A220 at the centre of its expansion plans will surely keep it one step ahead of the competition,” said Christian Scherer, Airbus Chief Commercial Officer.

Passengers on board the A220 will experience superior cabin comfort, the widest seats and the largest windows in its market segment. The A220’s performance and range capabilities will enable Air Vanuatu to streamline its current operations and launch a growth plan that is a key pillar of Vanuatu’s economic development goals.

The A220 delivers unbeatable fuel efficiency. It brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft.

With an order book of over 530 aircraft to date, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market, estimated to represent at least 7,000 aircraft over the next 20 years.

About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2018 it generated revenues of €64 billion restated for IFRS 15 and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Story and images from http://www.airbus.com

Rolls-Royce Engine Issues To Hit Air New Zealand Earnings

January 29, 2019 / WIL BALDWIN

(Reuters) – Air New Zealand expects much weaker earnings in its 2019 financial year, it said on Wednesday, citing higher costs after problems with some Rolls-Royce engines.

New Zealand’s flag carrier said it expects pretax earnings of between NZ$340 million and NZ$400 million (£178 million to £209 million) for the year to June 30, against initial guidance of NZ$425 million to NZ$525 million.

Air New Zealand is one of several Boeing 787 operators affected by maintenance issues on Rolls-Royce’s Trent 1000 engines. Problems with a deteriorating compressor in the engines had forced a number of airlines to ground flights.

Earnings will take a hit of about NZ$30 million to NZ$40 million from the resulting schedule changes, Air New Zealand said.

The carrier also said revenue growth has slowed, though lower jet fuel costs offer some relief.

“We are concerned with our latest outlook, which reflects the softer revenue growth we are seeing in the second half,” said Chief Executive Christopher Luxon, adding that the company has begun a review of its network, fleet and cost base to ensure the business is on a strong footing going forward.

The company said it will elaborate on annual guidance when it reports half-year results on Feb. 28. It expects to declare an interim dividend of 11 cents per share.

Separately, Air New Zealand said it carried 4.5 percent more passengers in December 2018 than it did a year earlier.

(Reporting by Ambar Warrick in Bengaluru; Editing by David Goodman)

Air New Zealand Confirms Order for Eight Boeing 787 Jets

Air New Zealand Picks Boeing for Wide-body Jet Order

Dassault Aviation at the EBACE 2019 Event

Air Vanuatu Selects Airbus A220 for Fleet Expansion

Rolls-Royce Engine Issues To Hit Air New Zealand Earnings

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