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Air New Zealand invests NZ$3.5bn in new fleet as it bids farewell to its last 777-300 in Victorville.

Air New Zealand, the national carrier of New Zealand, has recently announced a major investment of NZ$3.5 billion in a new fleet of aircraft. This move comes as the airline bids farewell to its last 777-300 aircraft, which has been sent to Victorville for storage.

The new fleet will consist of eight Boeing 787-10 Dreamliner aircraft, which are expected to be delivered between 2022 and 2027. These aircraft are known for their fuel efficiency and range, making them ideal for long-haul flights. They will replace the airline’s current fleet of 777-200 and 777-300 aircraft, which are nearing the end of their operational life.

Air New Zealand CEO Greg Foran said that the investment in the new fleet was a “significant milestone” for the airline. “We’re committed to delivering a world-class experience for our customers, and these new aircraft will help us do just that,” he said.

The new Dreamliner aircraft will feature Air New Zealand’s latest cabin design, which includes lie-flat beds in business class and a new premium economy seat. The airline has also announced plans to introduce a new economy class seat, which will offer more legroom and a larger entertainment screen.

In addition to the new Dreamliner aircraft, Air New Zealand has also ordered five Airbus A321neo aircraft, which are expected to be delivered between 2023 and 2024. These aircraft will be used on domestic and short-haul international routes.

The investment in the new fleet comes at a challenging time for the aviation industry, which has been hit hard by the COVID-19 pandemic. Air New Zealand has been forced to cut jobs and reduce its network as a result of the pandemic, but the airline remains optimistic about the future.

“We know that travel will return, and when it does, we want to be ready to offer our customers the best possible experience,” Foran said. “Investing in a new fleet is a key part of our strategy to position Air New Zealand for long-term success.”

The retirement of the last 777-300 aircraft marks the end of an era for Air New Zealand, which has operated the aircraft since 2005. The airline has a long history of operating Boeing aircraft, but the new fleet of Dreamliner aircraft represents a shift towards more modern and fuel-efficient aircraft.

Overall, the investment in the new fleet is a positive development for Air New Zealand and its customers. The new aircraft will offer improved comfort and efficiency, and will help the airline to remain competitive in a challenging market.

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