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NZ 744's With GE-engines?

Sat Oct 14, 2000 2:06 am

Today I spotted at FRA. I saw a NZ 744 landing, but not with RR-engines---with GE-engines!
Did they lease that 744 or what's going up??

Thanks for your help!

RE: NZ 744's With GE-engines?

Sat Oct 14, 2000 2:29 am

Those GE powered 747-400s are really theirs. They got a good deal from GE for the CF6 on some 747s they ordered from Boeing.
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RE: NZ 744's With GE-engines?

Sat Oct 14, 2000 4:48 am

Tedski - are you really sure about that? I read an article somewhere recently that said NZ's own 744s (reg ZK-NXX) had RR engines and those that they are leasing (reg ZK-SXX) had GE...

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RE: NZ 744's With GE-engines?

Sat Oct 14, 2000 5:10 am

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?
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RE: NZ 744's With GE-engines?

Sat Oct 14, 2000 6:26 am

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.
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RE: NZ 744's With GE-engines?

Sat Oct 14, 2000 7:44 am

It is confirmed guys... those GE B744s are owned by Air New Zealand!!!

Have a good day,
Boeing747 万岁!
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RE: NZ 744's With GE-engines?

Sun Oct 15, 2000 8:31 am

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.

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RE: NZ 744's With GE-engines?

Sun Oct 15, 2000 4:15 pm

As far as I know, Air NZ now owns all their 744's outright.

I believe they bought the aircraft from leasing company.

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Joined: Sat Jul 01, 2000 4:29 pm

RE: NZ 744's With GE-engines?

Mon Oct 16, 2000 9:11 am

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!

More info please...