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  • QANTAS FAREWELLS “QUEEN OF THE SKIES”

    THE LAST PLANE OUT OF SYDNEY’S ALMOST GONE Qantas will today mark the end of an era with the departure of the national carrier’s last Boeing 747 jumbo jet. The final 747-400 in the fleet (registration VH-OEJ) will depart Sydney at 2pm as flight number QF7474, bringing to an end five decades of history-making moments […]

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  • QANTAS GROUP MARKET UPDATE – INCREASING RESILIENCE FOR LONG-TERM RECOVERY

    Secured a further $550 million in debt funding. Strong cash balance and lower cash burn rate provides headroom to manage through current crisis and recovery. Extension of flight cancellations for June and July (schedules currently still at pre-coronavirus levels). Scope to restore some services at relatively short notice as restrictions lift. The Qantas Group has […]

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  • QANTAS GROUP UPDATE ON ADDITIONAL LIQUIDITY

    The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak. This debt has been secured against part of the Group’s fleet of unencumbered aircraft[1], which were bought with cash in recent years. The loan has a tenure […]

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  • QANTAS GROUP OUTLINES CUSTOMER AND EMPLOYEE IMPACT OF CORONAVIRUS-RELATED NETWORK CUTS

    Qantas and Jetstar to suspend scheduled international flights from late March, following latest government travel advice; some ongoing ad hoc services possible. 60 per cent reduction to domestic flights, focused on cutting frequency. Two-thirds of employees to be temporarily stood down to preserve as many jobs as possible longer term. Payment of $201 million shareholder […]

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  • QANTAS FINALISES MISCLASSIFICATION ISSUE WITH FAIR WORK OMBUDSMAN

    Qantas has entered an enforceable undertaking with the Fair Work Ombudsman as part of rectifying a misclassification issue impacting around 1,000 current and former employees – some 640 of whom were owed $7.1 million in backpay. The issue was self-reported by the airline in February 2019 and involved staff who should have been covered by […]

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