Qantas will let one Boeing 787 option lapse, undecided on others, days CEO Alan Joyce

By: |
Singapore | February 5, 2018 11:47 AM

Australia's Qantas Airways Ltd will let one of its 15 options over Boeing Co 787-9 Dreamliner jets lapse in February and will make a decision on some others in a "few more months", its chief executive said on Monday.

qantas, qantas airways, boeing, boeing 787, boeing 787 option lapse, Alan Joyce, jetstar, 99 A320neo family, dreamliner jets, airbus a321neosQantas Airways CEO Alan Joyce said the airline was examining whether to take more 787s than the eight already ordered. (Image: Reuters)

Australia’s Qantas Airways Ltd will let one of its 15 options over Boeing Co 787-9 Dreamliner jets lapse in February and will make a decision on some others in a “few more months”, its chief executive said on Monday. The airline is looking to expand international flying but wants to be judicious about capital spending as it boosts returns to investors as part of a successful turnaround programme. CEO Alan Joyce said the airline was examining whether to take more 787s than the eight already ordered. At the same time it was considering a business case for its budget arm Jetstar to take Airbus’ A321neos, he said. “We balance up what are the relative business cases between Jetstar, between Qantas International, Qantas Domestic and Loyalty and figure out given our limited resource of capital what is the best business case to invest the capital in,” he told Reuters on the sidelines of a conference ahead of the Singapore Airshow.

Jetstar has 99 A320neo family jets on order. Joyce said the airline was considering whether to take some of the larger A321neo variant, which have a longer range than the older A320s they would be replacing. That would allow Jetstar to switch flights like Sydney-Bali to A321neos, freeing up its 787-8s for other destinations in the region.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Good news for air passengers! Commercial flights from Bareilly Airport likely to start by this year-end
2Aviation boost under UDAN scheme! AAI plans to develop 100 airports, waterdromes, heliports by 2024; details
3Kudos! Delhi’s IGI Airport emerges world’s 2nd safest airport on Covid-related safety protocols; details