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Air New Zealand said on Tuesday it expects one-off charges of up to $NZ50 million ($A48.4 million) in fiscal 2020, including those related to the removal of certain foreign exchange hedging.

The one-off items also include reorganisation costs and gains from the partial sale of airport slots at London’s Heathrow airport, the airline said.

The country’s national carrier said it is targeting earnings before other significant items and taxation in the range of $NZ350 million to $NZ450 million for fiscal 2020.