Air New Zealand has reportedly signed a new lease with real estate giant Blackstone, effectively ending plans to move its world headquarters from Auckland Airport to a new site.
The development marks a significant reversal for the carrier, which had committed to relocating its global HQ two years ago.
Despite the earlier announcement, the physical move never materialized, and the airline has remained at its current airport location.
According to property insiders, the new agreement with Blackstone secures the airline's continued presence at the airport.
Air New Zealand has declined to confirm the details of the lease or the status of the relocation project.
The decision to stay put may reflect shifting priorities in the airline's capital allocation strategy.