Media Releases
Published on 6th May 2021

 The Qantas Group has completed a review of the location of its key facilities across the country, which will see the national carrier continue to have a strong presence in New South Wales, Queensland and Victoria.

The Group commenced the review of its property footprint in September 2020, following a $2.7 billion statutory loss for FY20 due to international and state travel restrictions. The review forms part of its COVID recovery plan in an effort to cut overheads and involved a competitive process between states.

In February, some initial actions of the review were announced, including relocation of flight simulator training facilities and the consolidation of several rented office spaces. Below is a summary of the property review, which will now be subject to detailed contract negotiations before binding agreements are entered into:

New South Wales



Discussions also included the potential for accelerating the development of Sustainable Aviation Fuels capacity, which would require investment in a new or existing refinery and available feedstock. Qantas has committed $50 million over the next decade towards creating this new industry in Australia as part of its broader sustainability strategy and will continue to work with State and Federal Government towards this goal.

Once agreements are finalised, Qantas will receive a range of benefits for these commitments, including payroll tax relief, tourism marketing funding, property rebates, training support and direct incentives – all of which are designed to reflect and help increase future economic activity generated by the Group.

The total value of these incentives will roll out over multiple years and will remain commercial in confidence.

The assessment process included an independent review conducted for Qantas by PwC to validate the offers.


“Aviation has probably taken the biggest hit of any industry from the COVID crisis, and Qantas has seen $11 billion in revenue evaporate because of state and federal travel restrictions. Under those circumstances, we had to look seriously at every part of our business and that’s why reviewing our property footprint became part of our recovery program.

“Some of this has been about cost saving by rationalising office space and some is about unlocking the huge amount of future value that the Qantas Group will bring the local economy in the years ahead. We think that value deserves to be recognised.

“Ultimately, our recovery program is about putting us in a position to grow again, which is when the benefits to each state will really flow.

“Each state put a lot of effort into their offers. We thank them sincerely and we look forward to delivering on what we know Qantas and Jetstar are capable of post-COVID.

“Moving one or both of our headquarters was always a live option and there were times in the process where that seemed to be the most likely outcome. Ultimately, once the final offers were assessed on a like-for-like basis, the set of decisions we made was the most beneficial to the Group overall.”

© The Official News Room of Qantas Airways Limited ABN 16 009 661 901