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Air New Zealand to replace domestic B737-300s with A320s

3-Nov-2009 9:19 AM

Air New Zealand plans (03-Nov-2009) to acquire 14 new A320 aircraft, to replace its current domestic jet fleet of 15 B737-300 aircraft. As part of the agreement, Air New Zealand has also secured purchase rights for a further 11 aircraft. The first A320 is scheduled to be delivered in Jan-2011, with the remainder to be delivered progressively by 2016, coinciding with the expiry of B737 leases. [more]

Air New Zealand: “This is a very good time to buy aircraft. The industry is at the bottom of a deep cycle so demand for aircraft is limited, creating favourable conditions for buyers with strong balance sheets like Air New Zealand. As we did with the 777, 787 and earlier A320 purchases, we have been able to buy counter-cyclically and again secure an excellent deal for Air New Zealand...It will ensure the airline continues to have one of the youngest fleets in the world, and a world-beating product across the entire jet fleet,” Bruce Parton, Group General Manager. Source: Air New Zealand, 03-Nov-2009.