Air NZ statement on global Pratt & Whitney engine issues

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 September 2023

Air New Zealand statement on global Pratt & Whitney engine issues


In July 2023, Pratt & Whitney disclosed a condition affecting the maintenance plan for the global
Geared Turbo-Fan (GTF) jet engine fleet. Overnight, Pratt & Whitney provided a further market
update stating that approximately 600 to 700 engines globally will be impacted over the next
three years.

Currently, Air New Zealand has 16 A320/321NEO aircraft in its fleet of 106 aircraft, servicing
Australia and the Pacific Island markets and, to a much lesser extent, domestic New Zealand.
This issue will further reduce engine availability and is expected to have a significant impact on
the airline’s schedule from January 2024. It does not present a safety issue.

Following this most recent market update, Air New Zealand will work with Pratt & Whitney to
implement the new maintenance plan and assess how this may affect the airline’s future
schedule. Pratt & Whitney has indicated that the revised maintenance plan will be completed
within the next two months. While there is no immediate impact to Air New Zealand’s flights, it is
likely the airline will need to make adjustments to its schedule in coming months, some of which
may be significant. The airline requests customers do not call its Contact Centre. Customers will
be advised once the impacts to the schedule have been assessed.




Ends.

For investor relations queries please contact: For media enquiries, please contact:
Kim Cootes Air New Zealand Communications
Head of Investor Relations Email: media@airnz.co.nz
kim.cootes@airnz.co.nz Phone: +64 21 747 320
+64 27 297 0244