Qantas has reached an agreement with Boeing to
defer the delivery of 15 Boeing 787-8 aircraft by four years and
cancel orders for 15 Boeing 787-9s scheduled for delivery in
2014 / 2015.
Qantas Chief Executive Officer, Mr Alan Joyce,
said the changes to the group's Boeing 787 orders were appropriate in
the current climate, and that discussions with Boeing, which
commenced some months ago, had not been influenced by the
announcement this week of a
design issue and further delay to the
aircraft's first flight.
"Qantas announced its original
Boeing 787 order in December 2005, and the operating environment for the
world's airlines has clearly changed dramatically since then," Mr
Joyce said. "The latest delay is
disappointing, but we do not expect it to impact the Qantas Group
given these changes to our delivery program. We remain committed
to the aircraft as the right choice - for Jetstar's future
international expansion, Qantas' growth and as a replacement for
Qantas' Boeing 767-300 fleet."
After the order changes, the
Qantas Group will remain one of the biggest airline customers for
787 family of aircraft.
The changes will see:
Group firm orders reduce from 65 to 50 aircraft, comprising 35
Boeing 787-9s and 15 Boeing 787-8s;
- the group's first 15 aircraft -
Boeing 787-9s for Jetstar's international operations - delivered from
mid-2013, around three years later than planned. Jetstar was to
take delivery of 15 smaller Boeing 787-8s in mid-2010;
- 15 Boeing 787-8s
follow over the 12 months from the fourth quarter of 2014 for
Qantas' Australian domestic operations and to retire the remaining
Qantas Boeing 767-300 fleet;
- remaining deliveries, of 20 Boeing 787-9s
for both Qantas and Jetstar international operations, take place
from the fourth quarter of 2015 through to 2017; and
retain the ability to purchase up to 50 additional aircraft.
The cancellation of the 15 Boeing 787-9s is
expected to reduce the
Qantas' aircraft capital expenditure by around US$3 billion based on
current list prices.
Details of the contractual agreement with Boeing remain
confidential, but the settlement is materially in line with that
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