99.9% of Air NZ shareholders in favour of plane purchases

In favour of the resolution put to shareholders last week were 99.93% of votes cast by 1147 shareholders, with 0.07% -- or 99 shareholders -- against. Thirty-eight shareholders abstained.

The airline -- 76.5% owned by the Crown -- needed 75% approval to buy new long haul aircraft worth up to $4.5 billion.

Air NZ has already bought six Boeing B789s and four Boeing B773ERs, but needed shareholder approval if it wanted to exercise any or all option rights over a further eight B789s and three B773ERs linked to the original purchase.

Shares in Air NZ were down 4c at $2.41.

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