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  4. Qantas to pick planemaker via contest to replace ageing A330 fleet
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Qantas to pick planemaker via contest to replace ageing A330 fleet

SYDNEY (Reuters) - Qantas Airways Ltd plans to run a competition between aircraft manufacturers to replace its ageing fleet of 28 Airbus SE (OTC:EADSY) A330 planes in the next 12...
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Qantas to pick planemaker via contest to replace ageing A330 fleet © Reuters. FILE PHOTO: An aircraft appearance crew member cleans an aircraft as Qantas begins preparing and equipping planes for the return of international flights, in anticipation of Australia easing coronavirus disease (COVID-19) border regulations, at Sydney Air

SYDNEY (Reuters) - Qantas Airways Ltd plans to run a competition between aircraft manufacturers to replace its ageing fleet of 28 Airbus SE (OTC:EADSY) A330 planes in the next 12 to 18 months, its chief financial officer said on Thursday.

"We will be looking at the market in the coming 12 months," Chief Financial Officer Vanessa Hudson (NYSE:HUD) told reporters. "That aircraft is heading to the end of its useful life. We will run a competition as we have done for the narrowbody fleet in the coming 12 to 18 months."

She did not say what models would be considered as a replacement, though most airlines have looked at the A330neo and A350 models from Airbus and rival Boeing (NYSE:BA) Co 787 and any deal would be worth multiple billions of dollars based on list prices.

Qantas has three 787s already manufactured by Boeing that are in storage in the United States because of the planemaker's delivery issues and are expected to arrive in May and June 2023, the airline's chief executive Alan Joyce said.

The airline also in May placed an order for 12 A350s capable of the world's longest commercial flights from Sydney to London.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
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 Crude Oil WTI81.14↑ Sell
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 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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