Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Qantas launches contest to replace small jets -sources

Stock MarketsOct 03, 2021 03:45PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. FILE PHOTO: Qantas planes are seen at Kingsford Smith International Airport, following the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott

By Jamie Freed and Tim Hepher

SYDNEY/BOSTON (Reuters) -Qantas Airways is in talks with several planemakers over plans to renew its main narrowbody and regional airliner fleets and is expected to formalise the negotiations with a tender announcement within days, industry sources said.

The Australian carrier is studying the Airbus A220 and Brazilian Embraer's E2 to replace a regional fleet of 20 Boeing (NYSE:BA) 717s and 18 Fokker 100s, they added.

Boeing's 737 MAX 7, the smallest member of its best-selling single-aisle family, is also seen as a contender.

In the busiest part of the market, Airbus and Boeing are competing head to head as Qantas also seeks to replace Boeing 737-800s, the oldest of which are nearly 20 years old.

The combined moves could lead to staggered purchases of as many as 100 jets including options, the sources said.

In Boston, where airline executives were gathering for an industry meeting, Qantas Chief Executive Alan Joyce declined to comment ahead of a virtual news briefing scheduled for Monday. Planemakers Airbus, Boeing and Embraer also declined to comment.

Talks over the influential airline's business have been under way for months, but Qantas is expected to set out its requirements publicly within days as it and other airlines eye potential bargains for jets in the wake of the COVID-19 crisis.

"We've said for some time that the renewal of our domestic narrowbody fleet is on our agenda," a Qantas spokesperson said.

"It's a long-term proposition and when we have any material updates to provide, we will.”

Qantas had initially planned to place an order in 2020 but that was delayed by the pandemic. Chief Financial Officer Vanessa Hudson (NYSE:HUD) said in February a tender would be launched this year.

Qantas budget arm Jetstar has 109 A320neo family planes on order, but the start of deliveries has been postponed until at least July 2022 due to the impact of the pandemic.

In a separate contest dubbed 'Project Sunrise,' Qantas selected Airbus over Boeing for jets capable of staging the world's longest commercial flights from Sydney to London, but the plans were delayed by the pandemic.

Joyce said in August that order for A350-family jets would not be revisited until international borders reopened.

Australia said on Friday it would begin a staged opening of international borders next month but only vaccinated citizens and permanent residents would be included and they would be required to quarantine at home for seven days on arrival.

The country has not set a date for opening borders to foreigners.

Qantas launches contest to replace small jets -sources

Related Articles

What to Make of the Recent Stock Market Pullback?
What to Make of the Recent Stock Market Pullback? By StockNews - Nov 27, 2021

I had written up a commentary that I intended to send out this morning that was going to focus on some bigger-picture, strategic items related to market cycles and developing...

Canada's Shopify records Black Friday sales up 21%
Canada's Shopify records Black Friday sales up 21% By Reuters - Nov 27, 2021

(Reuters) - Canadian e-commerce company Shopify (NYSE:SHOP) Inc recorded worldwide sales of nearly $2.9 billion on Black Friday, an increase of about 21% in comparison to last...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email