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Wednesday, November 30, 2022

Qantas orders Airbus jet for world’s longest non-stop flight

Qantas Airways Boeing 737-800 aircraft stand on the runway at Sydney International Airport on July 22, 2020.

David Gray | Getty Images News | Getty Images

Qantas Airways said on Monday it ordered 12 A350-1000 aircraft from Airbus to be used on the world’s longest commercial flight from Sydney to London as well as 40 narrowband jets to renew its domestic fleet Was.

The deal comes as market conditions improve and demand for domestic and international travel recovers from the pandemic faster than expected, prompting the carrier to reduce debt and anticipate a return to profits in the fiscal year beginning July 1. allowed to install.

“The Board’s decision to approve the largest aircraft order in Australian aviation is a clear vote of confidence in the future of the Qantas Group,” Chief Executive Alan Joyce said in a statement.

Qantas did not disclose the value of the deal, but it is likely to be in the billions of dollars based on aircraft list prices.

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The airline said non-stop flights from Sydney to London, which will take about 20 hours, will begin in late 2025 following the delivery of the A350-1000s.

The A350 will carry 238 passengers in First Class, Business Class, Premium Economy and Economy Class, with over 40% of the cabin dedicated to premium seating.

Deliveries of the 20 A321XLRs will begin in late 2024, while 20 smaller A220s will arrive by the end of 2023 – a refurbishment of the carrier’s old domestic fleet. The order also includes options to purchase another 94 aircraft that will arrive by 2034.

“The phasing out of this order means it can be funded within our debt limits and through earnings, while still leaving room for shareholder returns in line with our financial structure,” Joyce said.

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The new domestic fleet will “reduce emissions by at least 15% when running on fossil fuels, and significantly better when running on sustainable aviation fuels,” Joyce said, further adding that its “Project Sunrise” will reduce carbon emissions from day one. will be neutral.

Qantas selected Airbus in December as the preferred supplier for a major order to refurbish its old narrowbody fleet, in a blow to existing supplier Boeing.

Reuters reported on Sunday, citing sources, that the carrier was set to announce a deal that brings it closer to launching nearly 20 hours of record-breaking direct flights on the “kangaroo route” between Sydney and London.

In a separate filing, Qantas said it expects an underlying operating loss for fiscal 2022, benefiting from improved domestic and international demand in the second half of the year, which saw further growth in free cash flow in the current quarter. Is.

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