FULL ARTICLE

Air New Zealand postpones the deliveries of new aircraft as demand declines

Auckland - Following the warning signals in the revenues as of the end of January, Air New Zealand postponed deliveries of the new aircraft.

Air New Zealand has rearranged delivery dates for three Airbus A321neo and one Airbus A320neo in the wake of the losses in operating revenues.

Deliveries of three Airbus A321neo of seven on order were postponed from 2020 to early 2021, and an A320neo of five on order from 2020 to 2022.

With this revision, Air New Zealand will not receive any A320neo and A321neo aircraft in 2020. It will receive three copies in 2021 and four in 2022. The other two A321neo on order with the European aircraft manufacturer are already set for deliveries in 2024.

"Our confidence in Air New Zealand’s long-term strategy, customer proposition, and financial performance remains strong," said the airline CEO Christopher Luxon.

New Zealand's flag carrier revised its network growth prediction downwards over the next three years from the 5-7% to 3-5%.

The airline aims to reduce its overall costs by USD40.7 million over the next two years.

In this period, the head of Air New Zealand said that the carrier would focus on promoting flights to tourist destinations, from and within New Zealand, by expanding its network into new markets while increasing flight frequencies for existing routes.