Apple didn't only announce the new iPhone SE and 9.7-inch iPad Pro at its event today, it also changed the price of an existing product too. As expected, despite the introduction of the new iPad Pro of the same size, the iPad Air 2 from 2014 will remain on sale for those who don't care that much about the latest and greatest hardware. Its price has been dropped, however. The iPad Air 2 will thus start at $399 from now on, in Wi-Fi-only form with 16GB of storage. That's $100 less than before. If you want 64GB of storage, you'll need to shell out $499. Those are the only two options...
Source: http://www.gsmarena.com/ipad_air_2_and_ipad_mini_2_get_price_cuts_too_now_start_at_399_and_269-news-17347.php