🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Qantas to form new pilot entity if no deal on Sydney-London flights - memo

Published 13/02/2020, 07:36 pm
© Reuters.  Qantas to form new pilot entity if no deal on Sydney-London flights - memo
AIR
-
QAN
-

SINGAPORE, Feb 13 (Reuters) - Australia's Qantas Airways Ltd QAN.AX told pilots on Thursday that if it could not reach a pay deal soon covering the world's longest commercial flights from Sydney to London, it would form a lower-cost employment entity, according to an internal memo.

The airline in December selected the Airbus SE AIR.PA A350-1000 as the preferred plane to launch the flights in the first half of 2023, but said an order for up to 12 jets was contingent on reaching a deal with pilots by March. an internal memo seen by Reuters, Qantas International head Tino La Spina said the end of March deadline for a pilot vote on the deal was firm.

"Airbus extended the delivery slots one last time once they knew they were the preferred supplier, but they are not willing to continue their exposure beyond that point," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.