Air New Zealand to Buy Boeing 787–10 Jets Worth $2.7 Billion

An Air New Zealand 787-9 Dreamliner sits in its stall at the Boeing Delivery Center, July 9, 2014 in Everett, Washington. Stephen Brashear/Getty Images

Air New Zealand Ltd. agreed to buy eight Boeing Co. 787-10 aircraft, worth $2.7 billion at list prices, to replace and upgrade its long-haul fleet.

The Auckland-based airline also has an option to buy as many as 12 additional 787-10 aircraft, according to a statement released May 27. The company said it has negotiated a “significant discount” to the sticker price of the Dreamliners, which will be powered by GE Aviation’s GEnx-1B engines.