Boeing and engine supplier GE Aviation have welcomed Qantas’s purchase of eight 787-9 Dreamliners. The GEnx-1B engine will power Qantas’s eight 787-9s, the first of which will begin arriving from the 2017/18 financial year. Manufacturer GE Aviation says the GEnx-1B has so far clocked up more than 1.7 million flight hours and 300,000 cycles since entering
A facilities project intended to prepare for the arrival of the EA-18G Growler airborne electronic attack aircraft has been referred to the Parliamentary Standing Committee on Public Works. Parliamentary Secretary for Defence Darren Chester stated that the $348 million project would provide new or upgraded working accommodation; administration, logistics and maintenance facilities; training and simulator
Qantas chief executive Alan Joyce says the Boeing 787-9 Dreamliner will allow the airline to open up new direct services and boost some existing routes to daily. The company announced on Thursday it would take delivery of eight 787-9s, with the first four to join the Qantas fleet in the 2017/18 financial year and the
Qantas’s turnaround from an eye-watering $2.853 billion loss to a $557 million statutory profit represents one of the largest rebounds in Australian corporate history. And the return to profitability, along with lower debt levels, has given the airline the confidence to order new Boeing 787-9 Dreamliners, offer a $505 million capital return to shareholders and
Although new Jetstar franchises in Asia have been ruled out for now, Qantas chief executive Alan Joyce says there is still plenty of growth planned for Qantas’s low-cost arm. Like the rest of the Qantas Group, Jetstar posted a return to profitability in 2014/15, reporting underlying earnings before interest and tax (EBIT) of $230 million for the
Qantas has confirmed an order for eight Boeing 787-9 Dreamliners and will return $505 million to shareholders after reporting a return to profitability in 2014/15. The airline group reported a statutory net profit after tax of $557 million for the 12 months to June 30 2015, a multi-billion dollar turnaround from the $2.853 billion loss
