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Boeing, Air New Zealand close $2.7B deal for 787-10 Dreamliner Jets

Boeing Co. and Air New Zealand Ltd. finalized an order for eight 787-10 Dreamliner airplanes worth a total of $2.7 billion at list prices. The long-range carrier will integrate the new planes to its existing fleet of Boeing 787-9 and 777 airplanes from 2022 to strategically grow its business, Boeing said in a news release.

The airplane deal, announced in May, includes options to increase the number of aircraft from eight up to 20, and substitution rights that allow a switch from the larger 787-10 to smaller 787-9s, or a combination of the two models for future fleet and network flexibility.

The 787-10 is the largest airplane in Boeing's Dreamliner range at 224 feet long and with a seating capacity of up to 330 passengers in a standard two-class configuration, about 40 passengers more than the 787-9. Boeing said the plane allows operators to achieve 25% better fuel efficiency per seat compared to the previous airplanes in its class. The new Dreamliner aircraft will replace Air New Zealand's fleet of eight 777-200ERs.

Air New Zealand was a global launch customer for the 787-9 and today operates 13 of the Dreamliner variant. With another 787-9 on the way and the 787-10 airplanes in the future, the airline's Dreamliner fleet is on track to grow to 22. The airline's widebody fleet also includes seven 777-300ERs.