Qantas Airways and Perth Airport resolve dispute on mutually beneficial terms

Qantas Airways and Perth Airport issued (15-May-2020) a joint statement announcing they resolved their recent dispute on mutually beneficial terms. The agreement ensures Perth Airport and Qantas will be able to continue to support FIFO and freight services into and out of Western Australia, as well as repatriation services. The agreement provides greater certainty for Perth Airport on the payment of aviation and lease charges while Qantas has secured a partial abatement of payments to the airport in light of the particular challenges facing its operations due to the coronavirus crisis. Both parties agreed to a revised timeline for finalising the sale of Perth Airport's Terminal 4 from Qantas, with both parties committing to providing their submissions to an independent expert by no later than 30-Jun-2020 for a determination on fair market value of this asset. All lease termination and breach notices issued by Perth Airport will be withdrawn. [more - original PR]