The navy's five helicopters, worth $350 million, are struggling to stay in the air as the Defence Force battles corrosion and a lack of staff to maintain the "orphan" fleet.
A Ministry of Defence report says three Kaman SH-2G (NZ) Seasprite anti-submarine helicopters have to be flying at any one time but last October only one could get in the air and earlier this year just two serviceable Seasprites were available, the Sunday Star-Times reported.
New Zealand bought the helicopters in a "steal" deal in 1999. The airframes had been stored in the Arizona desert before being fitting out for New Zealand.
However, soon afterwards the US Navy ditched Seasprites and scrapped its flight simulator, leaving New Zealand - which now has the only particular model flying - struggling to train pilots and parts are not easily available.
Defence Minister Wayne Mapp labelled the Seasprites "an orphan fleet" when in opposition, but last week said they were safe and very capable.