Air NZ to spend $340m on new planes

Last updated 14:04 19/10/2011
Rob Fyfe
ADDING CAPACITY: Air NZ's Rob Fyfe gives details on the airline's new planes.

Related Links

Air NZ tipped to spend big

Relevant offers


Weight Watchers campaign joins list of PR blunders Skills shortage results in firms looking internally to fill roles, recruitment firm says Pumpkin Patch in trading halt - too much debt, not enough capital British American Tobacco offers to buy Reynolds in US$47 billion deal Backlog of defective buildings and shoddy workmanship sparks calls for building warranties Ikea NZ Facebook page set up: Is it finally coming to NZ? Auckland Council and contractors ordered to pay $120,000 to the family of killed rubbish truck worker 71yo asked to stand on hot water cylinder to plug in phone after bizarre UFB install Tuanz welcomes Vodafone offer to keep internet users connected Travel companies adapting to 'luxury' demands of young travellers

Air New Zealand is spending US$270 million ($340 million) on 12 ATR72-600 aircraft which it says will provide extra capacity on regional routes.

The first of the ATR72-600s will arrive in October next year with another in December, two in 2013 and another each year for the next three years.

The deal with ATR includes an option for another five aircraft between 2014 and 2016.

At a press conference in Auckland this afternoon, Air New Zealand chief executive Rob Fyfe said the new aircraft would add a further two million seats on regional routes annually.

"For our customers that will mean a big increase in the number of business timed seats and seriously cheap grabaseat fares we have on regional routes today."

Fyfe was confident fares would come down and employment opportunities in the aviation sector would grow from an asset purchase that he described as one of the most significant over the last ten years.

He said the ATR craft were "best in class", had improved fuel efficiency and Required Navigation Performance (RNP) technology which allowed them to land in lower cloud in places such as Queenstown.

It had not been decided how the new craft would be branded and exactly what routes they would fly, although they would probably be based in Auckland and fly to Nelson and New Plymouth to start with.

The craft are also touted as the "greenest" regional aircraft in the world with the French-Italian company's head of sales John Moore saying the ATR72-600 created 4500-less tonnes than the nearest similar-sized regional jet.

Fyfe said the Air New Zealand would invest in domestic and international marketing campaigns to encourage up-take of the new capacity.

Ad Feedback


Special offers

Featured Promotions

Sponsored Content