Ryanair From United Kingdom, joined Jul 1999, 654 posts, RR: 0
Reply 3, posted (14 years 1 month 2 weeks 2 days 21 hours ago) and read 2312 times:
NZ have GE's on their two latest 744's I believe, I don't know if they're owned/ leased or how they were financed but they are long term additions. The remainder of the 744's in NZ colours are RR's, while the two in Ansett colours have PW's. Not, I would have thought the best way to run an airline?
Dutchjet From Netherlands, joined Oct 2000, 7864 posts, RR: 57
Reply 4, posted (14 years 1 month 2 weeks 2 days 20 hours ago) and read 2302 times:
Air NZ has 3 747-400s with RR engines, the original aircraft ordered by them, and 5 planes with the GE engines. Of the 5 GE powered planes, I believe 3 were acquired "slightly used" from Varig and Philippines, via a leasing company, and 2 were received new via a leasing company. I have been on both the RR and GE Air NZ 747-400s, and the interiors are identical. With the RR powered 747-200s now gone (to Virgin) and the entire Air NZ 767 fleet GE powered, at some point they are likely to go for a GE powered fleet of 747-400s, unless of course 25% owner Singapore Airlines gets involved and insists that the 747s be powered by PW engines as theirs are.
B744 From New Zealand, joined Dec 1999, 491 posts, RR: 0
Reply 6, posted (14 years 1 month 2 weeks 1 day 18 hours ago) and read 2271 times:
Looks like Air NZ have four leased 744s and I'm fairly sure they all have GE engines. Check out the following press release.
Air New Zealand leases one new Boeing 747-400 from ILFC.
Century City, CA, September 21, 1998 — International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced the lease placement of one new Boeing 747-4F6 (S/N 27602) aircraft to AIR NEW ZEALAND.
AIR NEW ZEALAND, based in Auckland, New Zealand, leased a new Boeing 747-4F6 aircraft from ILFC. The aircraft was delivered earlier this month and is equipped with four General Electric CF6-80C20B1F engines. Air New Zealand's initial lease term is 43 months with several options to extend.
This specific B747-400 was destined for lease to Philippine Airlines, which could not take delivery from ILFC and is now with Air New Zealand.
Air New Zealand presently leases two other ILFC Boeing 747-400's and leased four Boeing 767's from ILFC. In May 1998, ANZ contracted to lease another new ILFC B747-400 which will be delivered in October 1999.
ILFC is Air New Zealand's largest lessor provider of Stage III aircraft.
ILFC is the international market leader in the leasing and remarketing of advanced technology commercial jet aircraft to airlines around the world. ILFC owns a portfolio valued at more than $ 17 billion, consisting of more than 390 jet aircraft.
NZ152 From New Zealand, joined Jul 2000, 24 posts, RR: 0
Reply 8, posted (14 years 1 month 2 weeks 17 hours ago) and read 2230 times:
JaseWGTN - where did Air NZ get the finance from to 'buy' 4 B747-400s? US$400m has got to come from somewhere! The only recent re-financing they have been doing is the current convertible rights issue which I understand is to assist with ongoing replacement of the domestic fleet plus upgrade of AN aircraft - not for buying 744s!