Qantas plans US$4 Billion investment

Qantas is to invest heavily over the next 2/3 years to secure 43 new planes including 8 A380's. AU$ 1.7 Billion is to be spent in 2010 with a further AU$2.7 Billion to be spent in 2011, this all part of the airlines plan to reduce cost in the long run.

Travel Daily Asia quotes Qantas CEO Alan Joyce as saying "There will be signifi cant upfront capital expenditure, But by processing more passengers through our existing facilities, we can achieve long-term growth at lower cost, while delivering better service".