Air NZ awarded international cargo flights to March 2023

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


MARKET ANNOUNCEMENT

28 March 2022


Air New Zealand awarded international cargo flights to March 2023

Air New Zealand has been awarded a further twelve months of support for cargo flights under an
extension of the Government’s Maintaining International Air Connectivity scheme (MIAC
scheme). This contract is for freight capacity operating from 1 April 2022 through to 31 March
2023. The MIAC 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 latest extension of the MIAC scheme was announced by the Government in March 2022.
The scheme continues to support a predictable and regular schedule of international air services
during the Covid-19 pandemic. Under the scheme, the Government provides financial assistance
to airlines that are awarded cargo flights, to support maintaining critical air connectivity and
provide a base schedule for the rebuilding of international passenger services.

The MIAC scheme extension to March 2023 provides for the level of support to reduce over time
to reflect an expected recovery of international passenger demand over the period.

Under the most recent extension, the airline has been initially awarded support for approximately
60 flights per week to destinations including Los Angeles, Vancouver, Hong Kong, Shanghai and
key Pacific Islands and Australian ports.
The Government financial support for flights within this twelve-month period is expected to
contribute up to approximately $180 million towards the airline’s cargo revenue. For context, in
the first half of the current 2022 financial year, support from the scheme contributed $182 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

For media enquiries, please contact:
Air New Zealand Communications.
Email: media@airnz.co.nz │ Phone: +64 21 747 320 │ Twitter: @AirNZMedia


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