Why it matters: Qantas’ fleet replacement will cost billions of dollars
The airline says it will start a process to replace 24 ageing A330 this year
Analysts are split on how the major spending initiative will impact returns
Qantas is expected to update the market on phase two of its fleet renewal plans when it reports this month, and expectations are mounting that the airline will be compelled to order the same Dreamliners it once held purchase options over and subsequently tore up.
Incoming chief executive Vanessa Hudson said last month that the airline would start a process to replace its 24 ageing A330 aircraft in the second half of this year, acknowledging that slots to receive new planes were filling up quickly in the post-pandemic aviation rebound.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
