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Air New Zealand to acquire 14 Airbus A320 jets

Air New Zealand to acquire 14 Airbus A320 jets November 4, 2009 Air New Zealand Ltd., the nation’s largest airline, will acquire 14 new Airbus A320 aircraft to replace Boeing 737-300 jets currently used on domestic routes. Air New Zealand Ltd., the nation’s largest airline, will acquire 14 new Airbus A320 aircraft to replace Boeing 737-300 jets currently used on domestic routes. The airline has purchase rights for a further 11 A320s, it said in a statement. The aircraft are worth $1 billion but Air New Zealand bought the planes at an undisclosed discount “that reflects current market conditions,” it said. Air New Zealand has been reviewing its domestic jet fleet to improve fuel efficiency and increase capacity on routes between the nation’s largest cities. It already operates the larger A320 aircraft on routes to Australia and the Pacific Islands, and expects to save costs in maintenance and fleet management, it said.

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