QANTAS Airways (Sydney) will enter a new era of global opportunities, fuel efficiency and passenger comfort when the Boeing 787-9 Dreamliner joins the QANTAS International fleet from 2017.
The national carrier will acquire eight Boeing 787-9s to gradually replace five of its older Boeing 747-400s on QANTAS International routes and open up a range of potential new city pairs. Four Boeing 787-9s will arrive in financial year 2018 and four will arrive in financial year 2019. This will leave the QANTAS Group with its six youngest reconfigured Boeing 747-400s.
Announcing the decision after a rigorous assessment process, QANTAS confirmed it had met the strict conditions for re-investment in a new long haul fleet type:
A return to strong profitability for Qantas International in financial year 2015, with the business reporting underlying Earnings Before Interest and Tax of $267 million – a turnaround of $764 million compared with financial year 2014 – and Return On Invested Capital above its cost of capital.
Net debt reduction of $1.1 billion since financial year 2013.
A competitive business case, including a new agreement with Qantas’ long-haul
pilots. This agreement incorporates a 30 per cent productivity increase.
QANTAS will retain 15 further options and 30 purchase rights for additional Boeing 787s, with significant flexibility over the timing of delivery should they be exercised.
QANTAS will work with its team of internal experts and external designers to develop worldleading cabin interiors for the new Dreamliner. This will add to the aircraft’s unique features, including improved cabin pressure, larger windows and technology to reduce turbulence.
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