Air NZ awarded international cargo flights to March 2022

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


12 October 2021

Air New Zealand awarded international cargo flights to March 2022
Air New Zealand has been awarded a further five months of support for cargo flights under an
extension of the Government’s Maintaining International Air Connectivity (MIAC) scheme. This
contract includes additional air freight capacity operating from 1 November 2021 through to 31
March 2022. The MIAC scheme (the scheme) has helped keep New Zealand connected to its
global trade partners and allow for essential international travel to continue while international
borders remain effectively closed.
The scheme was announced by the Government in March 2021, following the success of the
International Air Freight Capacity scheme, to ensure a predictable and regular schedule of
international air services during the Covid-19 pandemic. Under the scheme, the Government
provides financial assistance to all airlines that are awarded cargo flights, to support the cost of
international flying.
With the scheme now operating over the coming summer period through to the end of March
2022, the airline has been awarded support for approximately 65 flights per week over that period
to destinations including Los Angeles, Vancouver, Hong Kong, Shanghai and key Pacific ports.
While the trans-Tasman and Rarotonga bubbles remain suspended, air freight services to
Australia and the Cook Islands will also operate within the scheme.
The Government financial support for flights within this five-month period is expected to
contribute between approximately $150 million and $170 million towards the airline’s cargo
revenue, which is comparable to the same period last year. In the prior financial year, support
from the scheme contributed $321 million to the airline’s total cargo revenue.
Ends.

Investor Relations enquiries:
Leila Peters, General Manager Corporate Finance
leila.peters@airnz.co.nz
+64 21 743 057

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Air New Zealand Communications.
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