Qantas Airways, an Australian airline, has announced an order for 24 widebody aircraft as the final part of its jet fleet renewal program. The order, worth several billion dollars, is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive in fiscal 2027 and into the next decade.
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The new aircraft will replace Qantas' current Airbus A330 and Airbus A380 planes. As part of the deal, Qantas will gain access to up to 500 million liters of sustainable aviation fuel (SAF) per year starting in 2028, which could meet up to 90% of the group's interim SAF target for 2030.
SAF reduces lifecycle carbon emissions by up to 80% and is a key part of Qantas' emissions reduction plan. The airline believes that demand will continue and has ordered the new planes to meet that demand. Qantas posted a record profit on the day of the announcement, with shares up 1.9% in early trading. Incoming CEO Vanessa Hudson said in June that the carrier would start a competition to replace its existing A330 jets by the end of the year.
Stan Deal, president and CEO of Boeing Commercial Airplanes said that both the 787-9 and 787-10 offer enhanced efficiency, flexibility, and passenger comfort to connect Australia with destinations around the world.