Airbus receives $750 million order

Air New Zealand has concluded an agreement with Airbus to acquire 15 A320s, with options on up to 20 more aircraft from the same family.

Air New Zealand has concluded an agreement with Airbus to acquire 15 A320s, with options on up to 20 more aircraft from the same family, in a major fleet-modernisation that will make it an Airbus customer for the first time.

According to Airbus, the deal was announced at a signing ceremony in Auckland attended by Air New Zealand Chairman John Palmer, Managing Director and CEO Ralph Norris and Airbus Executive Vice President Customer Affairs and Chief Commercial Officer John Leahy.

Air New Zealand will begin receiving the aircraft – acquired through a combination of leases and purchases – in October 2003.

It will use the initial Airbus A320s on flights between New Zealand and Australia, as well on Pacific Island services. Air New Zealand has yet to select engines to power the aircraft.