"For a start, we wouldn't have to put boots on the ground. We could offer the service of fighter jets," Mark told the Herald on Sunday.
"There are affordable combat aircraft that meet our needs and budgetary reality, not to mention, the emergence of unmanned ones. If a passenger jet is hijacked in New Zealand, how are we going to bring it down? It's a long way for the Aussies to fly a fighter over here."
The Labour Government axed 17 Aermacchi jets and the combat wing of 17 Skyhawk fighter bombers in 2001. Eight years ago, Prime Minister John Key shot down the idea that the Air Force's strike wing should be restored.
Airstrike capabilities would also provide an alternative to deploying Kiwis on the ground in hotspots around the world, Mark said.
Defence Minister Gerry Brownlee declined to comment on Mark's suggestions "in detail", saying it would pre-empt the White Paper.
But he appeared prepared to rule out changing position on airstrikes.
"We believe New Zealand can deliver a balanced defence force which meets our domestic requirements and international obligations now and into the future without revisiting the issue of air combat or strike capability," Brownlee said.
He also said defence spending "is rising, not falling" and "in the Budget 2014 the Government announced new operating funding of $535.5 million over four years for NZDF".