Qantas Group making 'good progress' in long term fleet strategy

Qantas Group CEO Alan Joyce reported (21-Feb-2019) the group made "good progress" in its long term fleet strategy, with the arrival of more Boeing 787s and retirement of 747s. The group took delivery of three additional 787-9 aircraft for Qantas International in H1FY2018/2019, increasing its fleet to a total eight aircraft and retired one additional 747-400. Qantas added fleet renewal continues to increase group wide career opportunities, with over 1000 pilots recruited since 2016 and a further 1000 receiving promotions. Qantas Group fleet totalled 315 aircraft as at 31-Dec-2018, 55% of which is unencumbered with an approximate value of USD3.7 billion, including all the Qantas International 787-9 aircraft. [more - original PR]