Air New Zealand grounds 777s and defers A321neo deliveries
Air New Zealand (ANZ) will ground its Boeing 777-200ER and 777-300ER fleets until at least the end of this year as part of organisation-wide cost-cutting measures.
Including deferrals of planned Airbus A321neo deliveries, the airline has also deferred or cancelled almost NZ$700 million ($430 million) of expected capital expenditure to December 2022, it said today in an earnings update.
Cirium fleets data shows that ANZ’s existing fleet includes seven in-service 777-300ERs, between six and 10 years of age, and eight 777-200ERs, which are 13 to 15 years old and in storage.
The carrier also has seven in-service and stored A321neos, and another seven A321neos scheduled for delivery between January 2022 and April 2024.
more story:https://www.flightglobal.com/air-new-ze ... oFAEogWnBw
Looking like a big financial loss for the year ending 30 June 20. Air NZ is doing its best to fight for it's survival with many elements underway together reducing forward spending and delaying future deliveries there is a graph on the flight global story. Perhaps the 7 leased 777s will go soon and the owned ones stored in Alice Springs to be out of the wet NZ winter many will not return.