Air NZ signs contracts for multi-billion-dollar fleet

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


24 September 2019
Air New Zealand signs contracts for
multi-billion-dollar fleet investment

Air New Zealand has today announced the signing of contracts for the airline’s multi-billion-dollar
investment to purchase eight Boeing 787-10 Dreamliner aircraft. The aircraft will be powered by
GE Aviation’s GEnx-1B engines. The airline first announced its intention to enter into contracts
with both Boeing and GE Aviation on 27 May 2019.

The first new aircraft is expected to join the Air New Zealand fleet in late 2022 with the remainder
delivered at intervals through to 2027.

The fleet investment constitutes a major transaction as defined by NZX Listing Rule 5.1, and the
contracts are contingent upon approval from a simple majority of 51 percent of shareholders. The
transaction will be voted on at the airline’s Annual Shareholder Meeting tomorrow in Auckland.
Air New Zealand anticipates that the contracts with GE Aviation will be signed immediately
following that meeting.



















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Issued by Air New Zealand Communications.
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