Air New Zealand is expected to approach the market in the second-half of this year to finance new Airbus A320 deliveries due in the first quarter of 2014.
The New Zealand flag carrier will seek financing for two new aircraft delivering in February and March 2014.
Air New Zealand will expands its portfolio with new five A320s and one new ATR 72-600 between 1 July 2013 and 30 June 2014, according to an Air New Zealand presentation. In addition, a new Boeing 777-300ER will be acquired under an operating lease contract with Air Lease.
The carrier already has mandated financing on two A320s to the Bank of Mitsubishi Tokyo UFJ (BTMU) and Australia and New Zealand (ANZ) Bank, which are the debt providers in a tax lease financing structure arranged by the Japanese bank.
Both aircraft are delivering in July and November 2013.
The A320s are part of a three-aircraft mandate with the banks. The first aircraft is due to close in June this year.
Air New Zealand also mandated BTMU to arrange a Japanese operating lease with call option financing for four ATR 72-600s from its seven-aircraft firm order. The first three aircraft closed in October and December 2012. A third aircraft is due later this month, while the fourth ATR 72-600 is due in September.