Air New Zealand is in the final stages of a campaign to replace its fleet of 15 737-300s, a number of which come off lease in the next few years. ANZ is weighing buying additional A320s (it currently operates 12) to replace the 737-300s or replacing both types with up to 30 737-800s. It has considerable flexibility because most of its A320s are leased and will start coming off those leases in 2010. It also holds 20 A320 options at attractive prices, but they will expire next year. According ...

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