Air New Zealand inks deal for eight Boeing 787-10 Dreamliner airplanes

Company News

by Anna Napoli

Air New Zealand (ASX:AIZ) has today announced it has signed contracts to buy eight Boeing 787-10 Dreamliner airplanes.

The aircraft will be powered by GE Aviation’s GEnx-1B engines.

The deal follows the airline’s initial announcement in May, where it said it would explore entering into contracts with both Boeing and GE Aviation.

The transaction will be voted on at the airline’s Annual Shareholder Meeting tomorrow in Auckland.

Shares in Air New Zealand (ASX:AIZ) closed 0.81 per cent higher at $2.50 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.