Qantas commences fleet restructuring after financial losses

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By admin September 1, 2014 16:21

Qantas commences fleet restructuring after financial losses

Qantas Group has amended its fleet and network strategy for the upcoming financial year following the recent announcement of an annual net loss of AUD2.84bn (USD2.6bn).

Among Qantas Group’s decisions is the deferring of its first five of fifty B787-9 options and purchase rights from 2016 to 2017, in line with the completion of the accelerated “Qantas Transformation” plan. The options were part of a firm order for 35 aircraft in 2004.

The Group announced in February that more than 50 aircraft on order would be deferred or sold to reflect more efficient fleet utilisation and slower capacity growth.

As previously announced, Qantas Group has also deferred the final three of fourteen B787-8s on order for subsidiary Jetstar Airways. Five A320ceos on order for Jetstar have also been sold.

Elsewhere in the Group, with demand for domestic capacity waning, the decision has been taken to sell two B737-800s and two QantasLink Dash 8-300s during the FY2014/15, while leases for two A330-200s, currently used for domestic flights, will not be renewed beyond the current financial year.

admin
By admin September 1, 2014 16:21