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Air New Zealand orders up to 12 ATR72-600s for rapid regional expansion

Analysis

Air New Zealand's order today for up to 12 ATR72-600 turboprop aircraft will require the airline to more heavily market regional New Zealand in overseas destinations, particularly in Australia.

Over the past eight years ANZ's regional network has grown at an average clip of 5.6% per annum -- even factoring in the global financial crisis. "Clearly this commitment for these additional aircraft is testament to our belief that we will continue to see growth at those levels going forward," ANZ chief executive Rob Fyfe says in Auckland.

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