The decision comes after the Australian government released a revised forecast for the recovery of international travel that presented a gloomier outlook than previously projected.
Australian regulators have issued a draft rejection of an application by Qantas and Japan Airlines to cooperate more closely, although Qantas says it will argue to have the decision reversed in the final ruling.
Qantas and Virgin Australia are continuing to ramp up their domestic services to nearly pre-pandemic levels, with both airlines bringing in more aircraft to boost their domestic fleets.
Australia’s competition watchdog has dismissed claims by Regional Express (Rex) that Qantas’ entry into thin regional domestic routes is anti-competitive.
An alliance between Qantas and American Airlines that allows the carriers to cooperate on transpacific routes is set to be extended for a further five years.
Qantas expects to reopen almost all of its international routes by late October, although they will be operated by smaller widebodies as its Airbus A380s will remain parked.
Australian carrier Regional Express (Rex) plans to embark on “a major revamp of its regional route network” in response to “aggressive predatory moves by Qantas” into thin regional domestic routes.
Qantas CEO Alan Joyce is hoping to revisit ultra-long-haul operation “Project Sunrise” later in 2021, for a possible launch from 2024, which could coincide with the Australian carrier’s Airbus A380s emerging from storage.
Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.