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☆ An airline replaced 3 flights with an A380 superjumbo to cope with Taylor Swift travel rush
▼ + stars: | 2024-02-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Qantas used an Airbus A380 to replace three flights from Melbourne to Sydney on Friday. Demand for air travel has been "incredibly high" during Taylor Swift's Australian tour, Qantas said. AdvertisementAustralia's Qantas flew an Airbus A380 from Melbourne to Sydney on Friday to help cope with huge demand for air travel during Taylor Swift's Eras Tour. AdvertisementCoupled with "incredibly high demand" for flights into the city because of Swift's tour, Qantas decided to operate a special flight to transport the passengers. Swift's tour has been huge for local economies.

Persons: Taylor, —, Swift, Sebastian Kahnert, QF7168, she's, AirDNA Organizations: Qantas, Airbus, Service, Australia's Qantas, Boeing, Qantas Airbus, Getty, Wales Locations: Melbourne, Sydney, Boston, Pittsburgh, Los Angeles, London, Singapore, Flightradar24, Cardiff, Warsaw, Poland

☆ Larry Fink just kicked off the last chapter of his BlackRock reign
▼ + stars: | 2024-01-12 | by ( Michelle Abrego | Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

This all comes as Larry Fink, 71, is entering what is likely the last chapter of a successful career as cofounder and chief executive of $10 trillion BlackRock. Here's everything you need to know:BlackRock is set to buy Global Infrastructure Partners in its biggest deal in 15 yearsThroughout 2023, Fink signaled that a "transformational deal" was on the cards. He found his target in private equity firm and infrastructure investor Global Infrastructure Partners, the firm announced on Friday. Jessica Tan, head of BlackRocks' sustainability and transitions strategy, will head the global product solutions team in the Americas. Charles Hatami, global head of the financial and strategic investor group that focuses on relationships with large investors like insurers and sovereign wealth funds, will join BlackRock's global executive committee.

Persons: Larry Fink, Fink, Rob Kapito, BlackRock iShares, GIP, Kapito, Goldman Sachs, Goldman, David Solomon's, Ogunlesi, Wells, Mike Mayo, Larry, Stephen Cohen, Salim Ramji, Jessica Tan, Jane Sloan, GIP's, Edwin Conway, Conway, Rachel Lord, Lord, Charles Hatami Organizations: Business, BlackRock, Global Infrastructure Partners, GIP, London Gatwick, Wall Street, Asia Pacific, Securities, Exchange Commission Locations: Sydney, Bayo, Ogunlesi, BlackRock, Americas, Europe, East, India, Asia, Pacific

Israeli airstrikes hit two refugee camps in the central Gaza Strip on Sunday, killing scores of people, health officials said. The strikes came as the U.S. keeps urging Israel to take a humanitarian pause from its relentless bombardment of Gaza and rising civilian deaths. U.S. Secretary of State Antony Blinken traveled to Ramallah in the West Bank for a previously unannounced meeting with Palestinian President Mahmoud Abbas. Political Cartoons View All 1234 ImagesCurrently:— Gaza has lost telecom contact again, while Israel’s military announces it has surrounded Gaza City. — A U.N. official says the average Palestinian in Gaza is living on two pieces of bread a day.

Persons: Israel, Antony Blinken, Mahmoud Abbas, Blinken, Mohammed Shia, Benjamin Netanyahu, Joe Biden, evacuee Sara El, Masry, –, JORDAN, Jordan, King Abdullah II, ”, Michael Hertzog, ” Hertzog, OBAMA, Barack Obama, “, he’s, ” Obama, I’ve, Alp Toker, Juliette Touma, Ayatollah Ali Khamenei, Ismail Haniyeh, IRNA, Khamenei, Haniyeh, JERUSALEM —, Jacob Lew, Biden, ” Lew, Isaac Herzog, Lew, Antony Blinken’s Organizations: West Bank, Iraqi, Hamas, Ministry, WHO, GAZA, SYDNEY AIRPORT SYDNEY, Nine, Sydney Airport, Australian, United Arab Emirates, Mideast, Central Command, FIRE, NATIONS, Inter, Agency, UNRWA, United Nations, Jordanian, Twitter, ISRAEL, CBS, JERUSALEM, Paltel, Associated Press, Hezbollah, U.S, Israel, Embassy, . Riot Locations: Gaza, Ramallah, Baghdad, Jordan, Israel, United States, Egypt, Qatar, Gaza City, —, U.S, Berlin, israel, Sydney, Rafah, DUBAI, United Arab, Suez, ., Ohio, America's, Iran, UN, Palestinian Territory, GAZA AMMAN, Jordanian, GAZA, Palestinian, IRAN, TEHRAN, Lebanon, GAZA JERUSALEM, Beit Hanoun, TURKEY, ISTANBUL –, Ankara, Turkish

☆ Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
▼ + stars: | 2023-10-18 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Qantas shares fell 2.7% to A$4.7 in early trade, whereas Alliance shed around 1%. He added that Qantas is dealing with a brand crisis, a part of which is tied to perceptions that the company acts anti-competitively. Qantas is not the only airline that is aiming to expand charter service offerings with smaller peer Regional Express Holdings (REX.AX) buying charter operator National Jet Express in July 2022. ($1 = 1.5785 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gregg Porteous, Tim Waterer, Kyle Rodda, Rishav Chatterjee, Shailesh Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Qantas, Qantas Airways, Aviation Services, Australian Competition, Consumer Commission, Alliance, KCM Trade, Capital.com, Regional Express Holdings, National Jet Express, Thomson Locations: Australia, Bengaluru

☆ Virgin Australia's IPO executive David Marr resigns
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Qantas overhaul gets stuck on tarmac
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Gregg Porteous/Destination NSW/Handout via REUTERS Acquire Licensing RightsMELBOURNE, Oct 11 (Reuters Breakingviews) - Qantas Airways (QAN.AX) customers are already used to interminable waits due to postponed or cancelled flights and lost luggage. Now the $5.4 billion airline has shunted its much-needed governance overhaul into an unnecessary holding pattern. On Wednesday Qantas said Richard Goyder is stepping down after five years as chair along with two other directors who have been on the board for a decade. And Goyder intends to remain in the cockpit until just before the company’s annual meeting in over a year’s time.

Persons: Gregg Porteous, –, Richard Goyder, Alan Joyce, Jaqueline Hey, Maxine Brenner, Goyder, Antony Currie, Una Galani, Thomas Shum Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS Acquire, Rights, Reuters, Qantas Airways, Wednesday Qantas, Qantas, X, Alstom, Thomson Locations: Australia, Brussels

☆ Virgin Australia clocks first profit in 11 years as travel demand recovers
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 10 (Reuters) - Bain Capital-owned Virgin Australia said on Tuesday that the airline returned to a profit for the first time in 11 years for fiscal 2023, buoyed by a strong recovery in travel demand following the COVID-19 pandemic. The carrier reported a statutory net profit after tax of A$129 million ($82.93 million) for the full year ended June 30, 2023, compared with a loss of A$565.5 million in 2022. Virgin Australia now has a considerably stronger balance sheet with continued significant improvement in its cost base, CFO Race Strauss said in a statement on Tuesday. Virgin was upbeat on its capital position, reporting total debt including leases of A$2.3 billion and over A$1 billion of cash on the balance sheet.

Persons: David Gray, Bain, Race Strauss, Strauss, Roushni Nair, Nausheen, Rashmi Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Australian Securities Exchange, Reuters, GQG Partners, Airlines, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Australia's Qantas chairman says shareholders want him despite turmoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX) on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low. "I've had meetings with our major shareholders two weeks ago, and they are very strongly supportive of me staying," Goyder told the hearing. "While I retain the confidence of shareholders and the board, I will continue to serve. But she and Goyder, the Qantas chairman since 2018, denied having any discussions about the Qatari request with any member of the federal government. Qatar Airways' senior vice-president of global sales, Matt Raos, told the hearing the company was "surprised and shocked" its application was denied without a reason given.

Persons: Loren Elliott, Richard Goyder, I've, Goyder, we've, isn't, Vanessa Hudson, Jayne Hrdlicka, Hrdlicka, Matt Raos, Byron Kaye, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights, Qantas Airways, Stock, Qatar Airways, Virgin, Thomson Locations: Sydney, Australia, Virgin Australia, Qatar

☆ Pilots at Australia's Qantas demand chair quit over scandals
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. "We have totally lost confidence in Goyder and his board," AIPA President Captain Tony Lucas said in a statement. "Qantas desperately needs a culture reset but how can this happen with Richard Goyder as chairman?" Qantas declined to comment, referring Reuters to previous public comments from Goyder where he refused to quit. Goyder, who has been the airline's chairman since 2018, is not up for reelection at its annual meeting in November.

Persons: Gregg Porteous, Vanessa Hudson, Richard Goyder, Captain Tony Lucas, Goyder, Alan Joyce, Albanese, Byron Kaye, Jamie Freed Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Rights, Australia's Qantas Airways, Australian, International Pilots Association, Qantas, Reuters, Qatar Airways, Thomson Locations: Australia, Goyder

☆ Qantas charter unit's pilots vote in favour of protected industrial action
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

Three pilot groups, including pilots from aircraft charter company Network Aviation, have been negotiating with Qantas management over wage policy revisions. A spokesperson for QantasLink, an airline brand of Qantas, termed the step towards industrial action by the AFAP as "disappointing". "We have already reached in-principle agreement with the two other unions representing Network Aviation pilots, and we're continuing to negotiate in good faith to secure new agreements with our turboprop pilots." There are contingency plans in place to minimise disruptions to customers if the union proceeds with the industrial action, the spokesperson told Reuters. The AFAP also flagged the potential industrial action might impact certain charter flight operations to large mines and oil gas projects in Western Australia.

Persons: Loren Elliott, Rishav Chatterjee, Lewis Jackson, Aishwarya Nair, Rashmi Organizations: Qantas, Sydney Airport, REUTERS, Pilots, Network Aviation, Qantas Airways, Australian Federation of Air Pilots, Reuters, Network Aviation's, Thomson Locations: Sydney, Australia, Western Australia

Adding to its woes, last month the antitrust regulator sued Qantas accusing it of selling fares on thousands of already-cancelled flights in 2022. The so-called "flying kangaroo" said it would now spend A$80 million ($52 million) on "customer improvements" on top of the A$150 million previously flagged. "The group will continue to absorb these higher costs, but will monitor fuel prices in the weeks ahead and, if current levels are sustained, will look to adjust its settings," Qantas said. "Any changes would look to balance the recovery of higher costs with the importance of affordable travel in an environment where fares are already elevated." RBC Capital Markets analyst Owen Birrell said the company would likely absorb the higher fuel costs "until its target margins come under pressure and then would seek to claw back those costs through capacity cuts and higher fares.

Persons: Loren Elliott, Owen Birrell, Byron Kaye, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's, Qantas Airways, RBC Capital, Thomson Locations: Sydney, Australia, SYDNEY, Bengaluru

☆ Australia's Qantas flags hit from higher fuel prices
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSept 25 (Reuters) - Australia's Qantas Airways (QAN.AX) said on Monday higher fuel prices were expected to drive its fuel bill higher by about A$200 million ($128.80 million) in the first half of financial year 2024. "Fuel prices have increased by around 30% since May 2023, including a 10% spike since August. This is driven by a combination of higher oil prices, higher refiner margins and a lower Australian dollar," the carrier said in a statement. The company expects a further A$50 million impact due to non-fuel-related foreign exchange changes in the first half of the current fiscal year. Qantas said the customer-improvement initiative would be funded from its profit.

Persons: Loren Elliott, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Thomson Locations: Sydney, Australia, Bengaluru

☆ Why all signs point to an Australian summer of heat and fire
▼ + stars: | 2023-09-24 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

On top of El Niño, there’s another climate fluctuation in the mix that amps up the likelihood of heat and drought. A fire rages in Bobin, 350 km north of Sydney, on November 9, 2019, during Australia's catastrophic Black Summer fire season. A combination of extreme heat and wind would likely fuel very intense fires “that will seem to come from nowhere,” he added. Whether summer heat will be unprecedented remains uncertain. “Increasing extreme heat is the clearest example,”he said, but it’s worsening the impacts of drought and extreme rain too.

Persons: CNN — It’s, El, ”, David Bowman, Steve Christo, ” Bowman, Karl Braganza, “, –, Peter Parks, Robb Webb, rainier, ” Braganza, Andrea Taschetto, Jason Evans Organizations: CNN, Sydney Marathon, University of Tasmania, Sydney, Getty, Australia’s, Meteorology, El, National Council, University of New Locations: Australia, New South Wales, AFP, Bobin, Sydney, Sydney’s, University of New South Wales

☆ Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals
▼ + stars: | 2023-09-20 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Alan Joyce, Chief Executive Officer of Qantas, speaks with members of the media at an event celebrating Qantas' 100th birthday at Sydney Airport in Sydney, Australia, November 16, 2020. Most of the amount was share-based incentives that Joyce was allowed to cash in after they vested, according to the report. It could also "claw back" unvested stock bonuses for Joyce, currently worth A$6 million, it said. Joyce's final pay packet encapsulates his decade and a half of running the company, which dominates Australian air travel. Qantas must return to the Federal Court to determine what it must pay in penalties and compensation to affected workers.

Persons: Alan Joyce, Loren Elliott, Joyce, Richard Goyder, disquiet, Alan, Goyder, Byron Kaye, Sameer Manekar, Rashmi Aich, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights Companies Qantas Airways Ltd, Australia's Qantas Airways, Consumer Commission, High Court, Federal, Thomson Locations: Sydney, Australia, Bengaluru

The lower-ranking Federal Court in 2021 found Qantas broke the law by outsourcing the ground handling jobs, but the airline appealed the ruling in the High Court which upheld the decision on Thursday. The matter now returns to the Federal Court which will decide penalties and compensation for affected employees. "These workers have been put through hell," said Michael Kaine, secretary of the Transport Workers Union (TWU) which brought the lawsuit. Qantas said in a statement that it accepted the High Court decision and noted the Federal Court had already ruled out forcing the company to reinstate the workers. It said it had already made an unspecified provision in its accounts for penalties and compensation for affected employees after the Federal Court decision.

Persons: David Gray, Michael Kaine, Kaine, Byron Kaye, Roushni Nair, Subhranshu Sahu, Jamie Freed Organizations: Qantas Airways Airbus, Sydney Airport, REUTERS, Rights, Qantas Airways, Australia, Qantas, Qatar Airways, Federal, Transport Workers Union, Thomson Locations: Australia, Sydney, Bengaluru

☆ Air New Zealand sees 'significant' hit to flight schedule from RTX engine issue
▼ + stars: | 2023-09-11 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

REUTERS/Loren Elliott(Reuters) -Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant” impact on its flight schedule from next year. “This issue will further reduce engine availability and is expected to have a significant impact on the airline’s schedule from January 2024,” Air New Zealand said in a statement. Air New Zealand has 16 A320neo jets in its fleet of 106 aircraft, servicing Australia and the Pacific Island markets and, to a much lesser extent, the domestic market. Major customers that took delivery of affected A320neo jets include Spirit Airlines, JetBlue Airways, Hawaiian Airlines and Wizz Air, according to aviation data provider Cirium. Hungary’s Wizz Air, one of Europe’s largest lost-cost airlines, on Monday said its capacity could be reduced by 10% in the second half of 2024 as a result.

Persons: Loren Elliott, RTX’s Pratt, Greg Hayes Organizations: Air, Sydney Airport, REUTERS, Reuters, Zealand, Whitney, Airbus, ” Air, Air New, Pacific, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz Locations: Zealand, Sydney, Australia, Air New Zealand

☆ Qantas CEO’s exit will barely reduce turbulence
▼ + stars: | 2023-09-05 | by ( Antony Currie | ) www.reuters.com time to read: +5 min

Alan Joyce, Chief Executive Officer of Qantas, speaks in front of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport in Sydney, Australia, as Qantas retires its remaining Boeing 747 planes early due to the coronavirus disease (COVID-19) pandemic, July 22, 2020. In July Canberra rejected Qatar Airways’ request to add 21 flights a week to key Australian cities. Gina Cass-Gottlieb, the watchdog’s chair, is targeting a fine of at least A$250 million ($162 million), she told ABC’s RN radio programme. Qantas customers can now get a cash refund, while credits issued by the group’s budget airline, Jetstar, now last indefinitely. On Aug. 24 Qantas reported record pre-tax earnings for the year to June 30 of A$2.47 billion.

Persons: Alan Joyce, Loren Elliott, Vanessa Hudson, Gina Cass, Gottlieb, Hudson, Richard Goyder, Buckle, Joyce, “, ABC’s, Una Galani, Katrina Hamlin Organizations: Qantas, Sydney Airport, Boeing, REUTERS, Rights, Reuters, Australian Competition, Consumer Commission, Virgin Australia, Regional Express, Qatar Airways, Jetstar, Thomson Locations: Sydney, Australia, Canberra

☆ Qantas apologises after Aussie regulator alleges ticket sale for cancelled flights
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] FILE PHOTO: A ground worker walking near a Qantas plane is seen from the international terminal at Sydney Airport in Australia, November 29, 2021. REUTERS/Loren Elliott/file photo/File Photo/File Photo Acquire Licensing RightsSept 4 (Reuters) - Australia's Qantas (QAN.AX) apologised for its service standards falling short and acknowledged it was suffering reputational damage, after the country's competition regulator sued it for allegedly selling tickets for thousands of cancelled flights. The regulator alleged that Qantas kept selling tickets for an average of 16 days after it had cancelled flights for reasons often within its control. Qantas clarified that its practice is that when a flight is cancelled, customers are offered an alternative flight close to the original departure time, or a refund. "The ACCC's allegations come at a time when Qantas' reputation has already been hit hard on several fronts.

Persons: Loren Elliott, Himanshi, Rashmi Organizations: Qantas, Sydney Airport, REUTERS, Australian Competition, Consumer Commission, Australia, Thomson Locations: Australia, Bengaluru

☆ Australian regulator seeks 'hundreds of millions' in fines for Qantas
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

The maximum penalty Qantas faces is 10% of annual turnover, which was A$19.8 billion in the year to June, according to Australian consumer laws. Cass-Gottlieb said the ACCC would seek a fine for Qantas that was "significantly more than" the record A$125 million ($81 million) automaker Volkswagen was fined in 2019 for breaching Australian consumer laws. "We consider these penalties have been too low, we think the penalty should be in hundreds of millions, not tens of millions", she added. The regulator has said that Qantas kept selling tickets for an average of 16 days after it had cancelled flights for reasons often within its control. ($1 = 1.5420 Australian dollars)Reporting by Renju Jose in Sydney; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Loren Elliott, Gina Cass, Gottlieb, Cass, Renju Jose, Miral Organizations: Qantas, Sydney Airport, REUTERS, Rights Companies Qantas Airways Ltd, Qantas Airways, Australian Competition, Consumer Commission, Australia, ABC Radio, Volkswagen, Thomson Locations: Australia, Sydney, Francisco

☆ Qantas focuses on international capacity recovery after record annual profit
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

"Travel demand is incredibly robust and we've taken delivery of more aircraft and opened up new routes to help meet it," Qantas Group CEO Alan Joyce said. Qantas said its group domestic capacity is expected to remain above pre-COVID levels throughout fiscal 2024. Additionally, its profit was helped by the completion of the group's A$1 billion recovery programme launched in 2020, in the wake of the COVID-19 pandemic. The results beat the mid-point of Qantas' profit outlook of A$2.43 billion to A$2.48 billion, nearly A$850 million higher than its 2018 record levels of A$1.60 billion. The company, however, did not announce a final dividend, continuing the trend of non-payment for the past three years.

Persons: Loren Elliott, Alan Joyce, Refinitiv Eikon, Roushni Nair, Archishma Iyer, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways Ltd, Thomson Locations: Sydney, Australia, Bengaluru

☆ Qantas to secure new planes from Airbus, Boeing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The multi-billion dollar order is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive from fiscal 2027 and into the next decade, Qantas said. Qantas said the deal was aimed at providing a replacement for its current Airbus A330 and Airbus A380 aircraft. This has the potential to meet up to 90% of the group’s interim SAF target for 2030, Qantas said. "SAF reduces lifecycle carbon emissions by up to 80 per cent and is a key part of Qantas’ emissions reduction plan," it said. Reuters earlier in the week had reported, citing industry sources, that Boeing was nearing a deal for its 787 Dreamliner aircraft with Qantas.

Persons: Loren Elliott, Vanessa Hudson, Stan Deal, Rishav Chatterjee, Shailesh Kuber, Maju Samuel Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Airbus, Boeing, SAF, Global, Incoming Qantas, Boeing Commercial Airplanes, Reuters, Thomson Locations: Australia, Sydney, Bengaluru

REUTERS/Loren Elliott/file photo Acquire Licensing RightsAug 21 (Reuters) - Boeing (BA.N) is close to securing an order for more of its 787 Dreamliner aircraft from Australia’s Qantas Airways (QAN.AX), industry sources said. Qantas, Boeing and Airbus declined to comment. Qantas, whose original decision to opt for a smaller type of Boeing 787 in 2005 led to a review of Airbus's wide-body strategy, is considered to be among the most influential aircraft buyers. Sources said the upcoming Dreamliner deal swings orders back in Boeing’s favor with the largest variant of 787. Qantas last placed a Dreamliner order in 2018, when it signed a deal for six jetliners meant to replace its remaining Boeing 747s.

Persons: Loren Elliott, Vanessa Hudson, Valerie Insinna, David Shepardson, Tim Hepher, Stephen Coates Organizations: Qantas, Sydney Airport, REUTERS, Boeing, Qantas Airways, Airbus, Incoming Qantas, Australian, Thomson Locations: Sydney, Australia, London, New York, Boeing’s

☆ Australian police charge man over bomb threat on Malaysia Airlines flight
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport July 21, 2014. U.S. Secretary of State John Kerry laid out what he called overwhelming evidence of Russian complicity in the shooting down of Malaysia Airlines flight MH17 as international horror deepened over the fate of the victims' remains. REUTERS/File PhotoSYDNEY, Aug 15 (Reuters) - Australian police on Tuesday charged a man after he allegedly claimed to have explosives on board a Malaysia Airlines flight from Sydney to Kuala Lumpur, forcing it to return to Sydney. Flight MH122 left Sydney on Monday afternoon for Malaysia and returned to Sydney about three hours later after the passenger "allegedly became disruptive" during the flight, police said. There were no international flight cancellations.

Persons: John Kerry, MH122, Renju Jose, Stephen Coates Organizations: Malaysia Airlines, Kuala, REUTERS, Australian Federal Police, Malaysia, Police, Sydney Airport, Thomson Locations: Kuala Lumpur, Sydney, Canberra

☆ Australia’s $2.5 trln pension stash is one to envy
▼ + stars: | 2023-07-26 | by ( Antony Currie | ) www.reuters.com time to read: +7 min

Sure, mining giant BHP (BHP.AX) has its headquarters in Australia’s second-most populous city, it’s a self-anointed coffee capital and boasts top-notch restaurants. Two other factors have capital-hungry institutions knocking on super funds’ doors. This is especially true of so-called industry funds that are mutually owned and initially catered to specific sectors such as higher education employees or hospitality workers. Daniel Andrews, premier of Victoria, has earmarked industry super funds as minority investors in a state-run plan to build renewable energy plants. Recent ructions in real estate have prompted some super funds to reassess whether the risk and complexity are justified.

Persons: dwarfing, AustralianSuper, California’s CalPERS, London’s, Paul Schroder, Hostplus, Anthony, Daniel Andrews, Breakingviews, outsized, Peter Thal Larsen, Thomas Shum Organizations: MELBOURNE, Reuters, Australian Stock Exchange, Association, Retirement, Canada, Plan Investment Board, Prudential Regulation Authority, APRA, Coal, IFM, Vienna Airport, KPMG, Reuters Graphics, Australian, Trust, Macquarie, Victorian State Department of, UniSuper, Sydney Airport, Victoria, Blackstone, CVC, Thomson Locations: Hong Kong, Melbourne, Australia’s, it’s, Australia, Heathrow, Edinburgh, Europe, United States, Indiana, New York, London

☆ Ireland embracing underdog role in Women's World Cup debut
▼ + stars: | 2023-07-19 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

[1/3] Soccer Football - FIFA Women's World Cup Australia and New Zealand 2023 - Group B - Republic of Ireland Press Conference - Stadium Australia, Sydney, Australia - July 19, 2023 Republic of Ireland's Katie McCabe during the press conference REUTERS/Carl Recine/File PhotoSYDNEY, July 19 (Reuters) - Underdog Republic of Ireland plan to approach their historic Women's World Cup debut as they have every victory in their improbable run to the global women's showcase - by "outbelieving" their opponents. Ireland clinched their World Cup berth with a nerve-jangling victory over Scotland in a playoff at Hampden Park. People in Ireland often reference the men's World Cup debut in Italy in 1990, McCabe said. She hopes people back home will recall the women's debut in similar fashion, that it will be their "Italia '90." "It's the first time that we at this world stage which is massive, the way we've come here is something to be really, really proud of.

Persons: Ireland's Katie McCabe, Carl Recine, Vera Pauw's, Pauw, Amber Barrett, tugging, Denise O'Sullivan, Katie McCabe, McCabe, I'm, Lori Ewing, Angus MacSwan Organizations: Soccer Football, FIFA, of Ireland Press, Republic, Australia, Ireland, Scotland, Hampden, Arsenal, Players, Italia, Sydney Airport, Olympic, Canada, Thomson Locations: New Zealand, Australia, Sydney, Republic, Republic of Ireland, Ireland, Dutch, Donegal, Colombia, Brisbane, Italy, Nigeria

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