Air New Zealand has reported a net profit of $126 million for the financial year ending June, representing a decline from the $146 million achieved in the prior year. The fall in profitability was driven largely by prolonged engine maintenance challenges, which left as many as 11 aircraft grounded at peak times, significantly straining operations and highlighting the central role of engine…
London Heathrow Airport has reached new heights in slot valuation, with recent transactions pushing prices as high as $75 million for coveted takeoff and landing rights. The airport’s significance as one of the world’s busiest hubs, coupled with its constrained capacity, has turned slots into highly prized strategic assets for airlines seeking to expand or maintain their presence…
SMBC Aviation Capital has completed the delivery of its second Airbus A321-271NX to Air New Zealand Limited, finalizing a two-aircraft transaction between the Dublin-based lessor and the New Zealand flag carrier. This latest aircraft is powered by a pair of IAE PW1133G-JM geared turbofan engines, known for their fuel efficiency and reduced emissions, and represents a further enhancement to Air New…
Air New Zealand has announced that Nikhil Ravishankar, its current Chief Digital Officer, will become the airline’s new Chief Executive Officer, succeeding Greg Foran, who steps down on 20 October. Ravishankar’s promotion marks a significant leadership shift, bringing deep digital expertise and strategic insight to the helm of one of the region’s most recognized carriers.
Air New Zealand has officially received the second of its two Airbus A321neo aircraft, further enhancing its narrowbody fleet with the latest generation fuel-efficient jet. The newly delivered aircraft bears the manufacturer serial number 12593 and is registered as ZK-NNI.
Air New Zealand has detailed its upcoming fleet expansion and leasing activities, with the next delivery milestone being an Airbus A320neo expected to arrive in late June 2025. Following this, the airline anticipates the addition of an ATR72 in July, and two Boeing 787-9 Dreamliners powered by GE engines scheduled for March and April 2026, respectively.
Air New Zealand has strengthened its fleet with the delivery of a new A321neo aircraft, serial 12513. This aircraft is powered by PW1133G-JM engines, known for their exceptional fuel efficiency and lower environmental footprint. The delivery marks the first of two A321neo aircraft expected to join the airline’s fleet in the coming weeks.
Air New Zealand has taken redelivery of its first retrofitted Boeing B787-9, identified by serial number 37964, after a six-month cabin upgrade program carried out in Singapore. This marks the airline’s first completed retrofit under its multi-year widebody refurbishment strategy.
Air New Zealand has projected its earnings before taxation for fiscal year 2025 to fall within the range of $88 million to $112 million, a forecast that includes $20–24 million in expected compensation for aircraft that have been grounded. The airline disclosed that 11 aircraft remain grounded, primarily due to global supply chain challenges and delays in maintenance cycles.
Air New Zealand and Air India have entered into a new codeshare partnership and signed a Memorandum of Understanding (MOU) aimed at exploring the feasibility of establishing direct flights between India and New Zealand.
