$4.4bn Qantas spending spree to include 43 new aircraft

[Slats7]

$4.4bn Qantas spending spree to include 43 new aircraft | The Australian

QANTAS will spend $4.4 billion over the next two years as it purchases new aircraft and embarks on a campaign to shore up margins. The company will spend $1.7bn in the 2010 financial year and $2.7bn in 2011, an investor day presentation was told yesterday.
That includes buying 43 planes of which eight will be Airbus SAS A380s. Funding for aircraft purchases is in place until October next year, chief financial officer Colin Storrie said.

 

[oz_mark]

Are any of these new orders or are they just the arrival of already ordered aircraft?

 

[Oneworldplus2]

Sounds good. I was on a flight recently in an old Boeing. Good god, the interior colour had turned off-cream and the seats looked like something cheap from the 80's (probably was).

 

[docjames]

Talk about rehashing old news. None of the info in that article is new.

 

[UP4014]

Announcements - this seems to have been their third announcement about buying planes but they don't seem to have taken delivery of any planes what so ever from the first two announcements yet.

Announcements 101 - speak to the NSW Governement, they sure know how to do it.

 

[Mr Ed]

Do Qantas and the N.S.W. Gov. employ the same media people?

 

[ric.hayman]

If so, then they appear to have the clients they deserve

Do Qantas and the N.S.W. Gov. employ the same media people?

 

[jandj]

Hopefully, after the big spend (which will result in increased revenue of course !!), it will be nice to see a return of that little thing called a dividend

 

[ejb]

Announcements - this seems to have been their third announcement about buying planes but they don't seem to have taken delivery of any planes what so ever from the first two announcements yet.

Announcements 101 - speak to the NSW Governement, they sure know how to do it.

To be fair they did not "announce" as such, it was mentioned at an investor presentation and I think the point was they had the funding in place so no need to go "cap in hand" to the banks for new planes.

ejb