Air New Zealand to purchase eight new Boeing Dreamliner planes

Chief Executive Christopher Luxon says the new Boeing 787-10s are a significant step up from the current fleet. (Source: Other)

The wait is over for aviation fans and the aviation industry as Air New Zealand announces who it's chosen to provide aircraft for its long-haul fleet.

Eight Boeing Dreamliner 787-10 planes will be flying with Air New Zealand livery from 2022.

Chief executive Christopher Luxon says it's an investment worth $4.12 billion.

He says it's a new chapter for the airline, and today is an exciting one for workers, customers and the country.

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The new planes are replacing the existing 777-200 aircraft and are expected to be much more fuel efficient.

The airline is calling it a "significant investment" in long-haul, wide-body planes.

Air New Zealand suffered a profit slump at its last announcement, with net profit after taxation for the six months to December down 34% to $152 million.

"I want to emphasise again how excited we are about our future," Mr Luxon said.

"Today we're opening up a new world of possibility for our airline, and for our country," he said.

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