Announces deal to buy 12 A350s and 12 Boeing 787s
To secure access to 500 million litres of SAF
Qantas replacing current A330 and A380 aircraft

Aug 24 Reuters Australia39;s Qantas Airways on Thursday announced an order for 24 widebody aircraft, the final piece of the company39;s jet fleet renewal programme, and said the move is aimed at replacing its current Airbus A330 and Airbus A380 aircraft.

The multibillion dollar order is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive from fiscal 2027 and into the next decade, Qantas said.

As a part of the deals, Qantas will gain access to up to 500 million litres of sustainable aviation fuel SAF per annum which would start to flow from 2028.

This has the potential to meet up to 90 of the group39;s interim SAF target for 2030, Qantas said.

Global airline companies have been struggling hard to cut down on emissions and are looking for alternatives to traditional jet kerosene fuels.

SAF reduces lifecycle carbon emissions by up to 80 and is a key part of Qantas39; emissions reduction plan, it said.

Qantas clearly believes that demand will continue, ordering 24 new planes to meet demand and saying demand will remain above preCOVID levels, said Josh Gilbert, market analyst at eToro AUS Capital.

Qantas during the day posted a record profit with shares up 1.9 in early trade.

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