Qantas orders dozens of planes from Airbus, plans non-stop flights to New York, London

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SYDNEY — Australia’s largest airline, Qantas Airways Ltd., has announced it will order dozens of planes from European manufacturer Airbus SE, including new planes to fly non-stop between Australia and the United States and the United Kingdom.

Qantas QAN,
+2.56%
said non-stop flights between Australia and the US and UK, dubbed Project Sunrise, would begin from late 2025. The airline said the flights would build on the success of existing direct long-haul services, the demand for which has increased following the COVID -19 pandemic.

“The board’s decision to approve what is the largest aircraft order in Australian aviation is a clear vote of confidence in the future of the Qantas Group,” said Qantas chief executive Alan Joyce.

Qantas has announced an order for 12 Airbus A350-1000s for its Project Sunrise flights. Additionally, the airline said it is ordering 40 A321XLRs and A220s for its domestic fleet, along with 94 order options that will span at least a decade. These planes will replace aging Boeing 737s and 717s, Qantas said.

Combined with an existing order for its low-cost airline Jetstar, Qantas said its total group order with Airbus AIR,
+2.13%
now includes 299 aircraft, half of which are direct orders and the other half are right-to-purchase options.

Qantas also said on Monday that domestic travel was returning to pre-COVID levels ahead of expectations. He said there is strong demand for international travel, but some key markets are not yet open.

Underlying earnings before interest, tax and other items, or Ebitda, are expected to be between A$450 million ($318 million) and A$550 million in the second half of fiscal 2022, the company said. Aerial.

Qantas did not disclose the cost of the Airbus order, but said a significant discount from the standard price should be assumed.

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