Due to the manufacturing delays at Boeing, Air New Zealand has delayed the supply of additional B787s by a 12 months. Richard Thomson, the airline’s CFO, revealed on a latest earnings name that the primary two of the eight B787-9s and 6 B787-10s on order will now arrive within the 2025 monetary 12 months, adopted by two extra the next 12 months and 4 in 2027. New Zealand’s fiscal 12 months closes on March 31.
As a results of discussions with Boeing over manufacturing charges, “the projected timing of the first few aircraft has been revised to reflect our current assessment of likely delivery dates,” acknowledged Thomson. Delivery of the primary two planes is anticipated to happen within the fiscal 12 months 2025 fairly than 2024.
According to the CFO, the NZD450 million refurbishment of the present fleet of fourteen B787-9s received’t start till at the least 2024 and can take a few years to finish.
Since worldwide flights account for nearly two-thirds of Air New Zealand’s income, the airline has renegotiated the 2023 arrival date for the primary of eight new Boeing 787-10 Dreamliners ordered in 2019, delaying supply “out to the 2024 financial year.”
The airline “also has the potential to utilise several other contractual delivery deferral rights on other aircraft planned for delivery from 2024 onward,” suggesting that extra Dreamliner delays are doable.
Following a string of manufacturing difficulties and involvement from the Federal Aviation Administration – FAA, Boeing halted B787 deliveries in May 2021, and deliveries resumed solely not too long ago. Unfortunately, a number of airways have had their supply dates pushed again due to the rising backlog and the persistently decreased manufacturing charges.
According to Thomson, there might be no new plane capital spending commitments after 2028, which additionally famous that capital expenditure on new plane will peak in 2027 (at roughly NZD650 million [A$583million]).
To substitute the DHC-8-300 fleet, “our fleet networks and sustainability teams have been interacting extensively with manufacturers and start-ups on future hybrid and electric aircraft centred on our domestic network,” which can result in some future commitments, however there are none at this second.