Air New Zealand aims to replace 8 Boeing 777-200ER aircraft and was looking for suitable replacement.
On Monday, according to industry sources Boeing Co has won a hard-fought battle to sell its wide-body aircraft to Air New Zealand Ltd, and has beaten a challenge from Airbus.
Air New Zealand Ltd currently operates only Boeing wide-body jets over long-haul routes while using Airbus single-aisle jets on shorter ones, has been weighing its options to purchase new wide-body jets to replace eight Boeing 777-200ER aircraft.
Neither Air New Zealand, nor Airbus and Boeing immediately responded to requests for comment.
Air New Zealand stated, it is examining the Airbus A350 and the Boeing 787 or 777X models, with the aim of launching longer routes like Auckland-New York and Auckland-Brazil.
In March, during a meeting with analysts, Air New Zealand’s Finance Director Jeff McDowall stated a decision on the purchase of the aircraft should be made within the next few months, but that the airline would need fewer replacement jets than originally anticipated in 2023 due to network changes.
In the same month, Air New Zealand had launched a two-year cost reduction program and deferred aircraft capital expenditures of around $490.1 million (NZ$750 million) as part of a business review.
In the previous month, Air New Zealand had slashed domestic fares by as much as 50% in a bid to shake-up exiting price structures in response to a slackening of the travel market.