Profitable lease of DC10
Air New Zealand may earn about SUS4.BM in overseas exchange from the lease of a DCIO to National Airlines of Miami. Ihe Government has approved the lease, which will be from April 1 to October 31.
Final approval is subject to the Federal Aviation Authority’s making an inspection of the aircraft.
The deal makes sound economic sense, according to .Mr I. Diamond, Air New Zealand’s operations director. “The lease covers our ‘trough’ period and the aircraft will return to us for the peak summer period,” he said.
National Airlines will run the DCIO between Miami and Tampa, in Florida, and to London, Amsterdam, Frankfurt, and Paris.
Air New Zealand has also had approval to buy two new Friendship aircraft from the Fokker company in Amsterdam. This will bring its fleet to six.
They are part ot a continuing replacement programme and will be delivered in February and April, next year. The company’s arbitrary limit on the 100-series Friendships is 60,001) flights. The new aircraft will cost about 84.5 M each and will replace two Friendships which are to be sold to the Royal New Zealand Air Force for use as navigation trainers and fisheries patrol aircraft.
Conversion to the R.N.Z.A.F. role will be undertaken by Air New Zealand in Christchurch.
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Press, 29 March 1979, Page 14
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214Profitable lease of DC10 Press, 29 March 1979, Page 14
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