{"id":4761,"date":"2019-05-28T09:19:29","date_gmt":"2019-05-28T14:19:29","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4761"},"modified":"2019-05-28T09:20:16","modified_gmt":"2019-05-28T14:20:16","slug":"air-new-zealand-confirms-order-for-eight-boeing-787-jets","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4761","title":{"rendered":"Air New Zealand Confirms Order for Eight Boeing 787 Jets"},"content":{"rendered":"\n

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

New\n Zealand’s flag carrier also trimmed its earnings outlook citing higher \nfuel prices, and said problems with Rolls-Royce Holdings PLC engines and\n a moderation in demand growth have impacted its financial and \noperational performance.<\/p>\n\n\n\n

The\n new plane order confirmed a Reuters report last week that Boeing had \nbeaten out rival Airbus SE, which had proposed the A350 for the hotly \ncontested deal.<\/p>\n\n\n\n

The\n airline, which has Rolls-Royce engines on its existing fleet of 13 \n787s, announced it had switched to GE engines for the new order.<\/p>\n\n\n\n

The\n 787s will replace eight older 777-200ERs and leave the carrier with an \nall-Boeing wide-body fleet as well as Airbus A320 family jets for \nshorter flights.<\/p>\n\n\n\n

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

The\n deal also gives the airline, which has previously mentioned a goal of \nflying Auckland-New York non-stop, the option to switch some aircraft to\n the longer range 787-9s.<\/p>\n\n\n\n

“With\n the 787-10 offering almost 15 percent more space for customers and \ncargo than the 787-9, this investment creates the platform for our \nfuture strategic direction and opens up new opportunities to grow,” Air \nNew Zealand Chief Executive Christopher Luxon said in a statement.<\/p>\n\n\n\n

The eight jets will enter the Air New Zealand fleet between 2022 and 2027, the airline said.<\/p>\n\n\n\n

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

The\n 787-10 is the largest member of Boeing’s Dreamliner series, and can \nserve up to 330 passengers in a standard two-class configuration, about \n40 more than the 787-9 airplane.<\/p>\n\n\n\n

The\n airline said the 787 was 25 percent more fuel efficient than the jets \nit is replacing, and noted that carriers typically receive large \ndiscounts on the list price of jets.<\/p>\n\n\n\n

HEADWIND<\/p>\n\n\n\n

In\n a separate announcement, Air New Zealand trimmed its 2019 earnings \nbefore taxation, saying it now expects to beat NZ$340 million ($223 \nmillion). That compared with a forecast range of NZ$340 million to \nNZ$400 million announced in late March.<\/p>\n\n\n\n

The change was due to an additional NZ$25 million headwind from increased jet fuel prices, the company said.<\/p>\n\n\n\n

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

Air\n New Zealand in March launched a two-year cost reduction programme and \nsaid it would defer spending on aircraft by about NZ$750 million ($491 \nmillion) as part of a business review.<\/p>\n\n\n\n

In\n February, Air New Zealand slashed domestic fares by as much as 50 \npercent in a shake-up of its pricing structure in response to the \nslackening travel market.<\/p>\n\n\n\n

(Reporting by Praveen Menon in Wellington, Aditya Soni in Bengaluru and Jamie Freed in Singapore; Editing Richard Pullin and Christopher Cushing)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,4813,89,799,2203,1397,868,1103],"tags":[1292,947,205,42,220,49,539,47,4752,160,1864,41,1925,4905,99,463,828,2152,1483,2030,1898,718,412,4452,995,2187,1288,2504,2505,1863,1162,3240],"class_list":["post-4761","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-airplane-news","category-aviation-news","category-boeing-news","category-finance-news","category-stock-news","category-transportation-news","category-travel-news","tag-1292","tag-947","tag-205","tag-42","tag-a320","tag-a350","tag-air","tag-airbus","tag-auckland","tag-aviation","tag-body","tag-boeing","tag-carrier","tag-confirm","tag-dreamliner","tag-electric","tag-engines","tag-flag","tag-fleet","tag-general","tag-jets","tag-new","tag-news","tag-nonstop","tag-order","tag-plc","tag-reuters","tag-rolls","tag-royce","tag-wide","tag-york","tag-zealand"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4761"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4761\/revisions"}],"predecessor-version":[{"id":4764,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4761\/revisions\/4764"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}