Qantas has unveiled details of the ultra-long-haul aircraft it plans to run on non-stop flights from Sydney and Melbourne to London and New York by the end of 2025, as the airline's battered financial situation shows signs of improving.
Qantas has ordered 12 of its A350-1000 aircraft from Toulouse, France, in a mega order. The first Project Sunrise flights will be delivered in 2025.
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The wide-body planes will be able to carry 238 passengers, and will feature wellbeing zones for passengers to move about in the cabin as a way to break up the ultra-long-haul flights that will reach up to 20 hours.
Project Sunrise is the last frontier and the final fix for the tyranny of distance, and the cabin of the A350s is being specially designed for maximum comfort in all classes.
The project was delayed due to the Pandemic. The flights will run for up to 20 hours, making them one of the longest in the world.
The first of 40 additional aircraft ordered by Qantas will be delivered next year. The deal is believed to be worth billions of dollars.
A significant discount from the standard price should be assumed, as the airline says the exact cost of the new planes is commercial-in-confidence.
The range and economics of the new planes Qantas had ordered will make new direct routes possible, including serving regional cities better.
Qantas Group released its third quarter financial update on Monday. The airline expects to post a significant full-year loss despite the resurgence of domestic and international travel markets. At the end of December, net debt was $5.5 billion, but by the end of April it was $4.5 billion.
The business case for Project Sunrise has an internal rate of return, and Joyce said that the cost of the mammoth aircraft order can be funded within the debt range and through earnings.
The board's decision to approve the largest aircraft order in Australian aviation is a vote of confidence in the future of the Qantas Group. Joyce said that the strategy for these aircraft will generate significant benefits for those who make it possible.
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