Airline News

Air New Zealand has hit a novel bit of turbulence in its plans to update and expand its ageing fleet of Boeing aircraft.

The company is having to go direct to its shareholders to gain support to buy just over $4.5 billion worth of new wide-body long-haul jets, as the size of the deal is much bigger than those that would normally require just boardroom approval.

smh.com.au

Labels: Air New Zealand, shareholders