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AIR NEW ZEALAND LIMITED

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Air New Zealand :  New Zealand seeking innovators for next generation craft

12/21/2021 EDT

The airline has released a Product Requirements Document (PRD) - a guide for business and innovators to help build, launch, or market the provision of zero emissions/novel propulsion aircraft in New Zealand. It provides an overview of Air New Zealand requirements based on its network and fleet and is intended to kickstart discussion for ongoing collaboration.

Air New Zealand is looking for aircraft technology ideas on how to accelerate and deploy propulsion innovations such as hybrid, hydrogen, or electric technologies for its new aircraft.

Air New Zealand's Head of Fleet Strategy Baden Smith says the airline is taking bold steps to ramp up genuine climate action and is looking for innovative organisations that can help us on our zero emissions aircraft journey.

"As we work towards our net zero 2050 goal, reducing aircraft emissions is critical. While our industry faces a steep challenge to decarbonise, New Zealand is uniquely placed to lead the world in zero emissions aircraft and low carbon alternatives on our domestic air transport network.

"We believe New Zealand could be a world leader in zero or low emissions aircraft, whether that's battery electric or green hydrogen powered. We're seeking the best ideas and technology from innovators around the globe who might be prepared to work with us.

"New Zealand is ideally suited to adopt zero emissions aircraft, as we have a number of short-range routes that are perfect candidates for utilizing these new technologies, and our renewable energy sources make it possible to eliminate carbon emissions effectively."

"This Product Requirements Document allows us to share our vision for zero emissions aircraft deployment and allows current and future aircraft developers to recognise both the opportunity here in New Zealand and Air New Zealand's ambition to make this a reality as soon as possible."

This is the latest step in Air New Zealand's journey to achieve net zero carbon emissions, after signing a Memorandum of Understanding with the New Zealand Government on Sustainable Aviation Fuel and with Airbus and ATR on the development of low emissions aircraft.

2021 Air NZ Zero Emissions Aircraft PRD

Ends

Issued by Air New Zealand Communications.

Email: media@airnz.co.nz │ Twitter: @AirNZMedia

Disclaimer

Air New Zealand Limited published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 04:46:01 UTC.


© Publicnow 2021
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Sales 2022 2 423 M 1 517 M 1 517 M
Net income 2022 -570 M -357 M -357 M
Net Debt 2022 2 731 M 1 710 M 1 710 M
P/E ratio 2022 -2,61x
Yield 2022 -
Capitalization 2 358 M 1 476 M 1 476 M
EV / Sales 2022 2,10x
EV / Sales 2023 0,83x
Nbr of Employees 8 000
Free-Float 89,8%
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Gregory S. Foran Chief Executive Officer
Richard Thomson Chief Financial Officer
Therese Maria Walsh Chairman
Alexandria Panot Marren Chief Operating Officer
Jonathan Parker Mason Independent Non-Executive Director
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