Qantas, Perth Airport make peace in $2b expansion deal
Qantas Airways reached a multibillion-dollar agreement with Perth Airport for a new terminal and runway, a peacemaking pact that paves the way for a new long-haul aviation hub in Western Australia. Under the 12-year deal, Perth Airport will invest around A$3b ($2b) in the new infrastructure. In return, Qantas and its low-cost carrier Jetstar will relocate to the new terminal and add 4.4m seats each year to and from the city by the time the site opens in 2031, the airline said Friday. The two parties have long been at commercial loggerheads, including a years-long court battle over fees and capital costs under Qantas’ former CEO, Alan Joyce. Friday’s agreement, under new CEO Vanessa Hudson, draws a line under the dispute and will see Qantas add more services from Perth including flights to Auckland and Johannesburg from next year.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-06-03/oneworld/qantas-perth-airport-make-peace-in-2b-expansion-deal
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Qantas, Perth Airport make peace in $2b expansion deal
Qantas Airways reached a multibillion-dollar agreement with Perth Airport for a new terminal and runway, a peacemaking pact that paves the way for a new long-haul aviation hub in Western Australia. Under the 12-year deal, Perth Airport will invest around A$3b ($2b) in the new infrastructure. In return, Qantas and its low-cost carrier Jetstar will relocate to the new terminal and add 4.4m seats each year to and from the city by the time the site opens in 2031, the airline said Friday. The two parties have long been at commercial loggerheads, including a years-long court battle over fees and capital costs under Qantas’ former CEO, Alan Joyce. Friday’s agreement, under new CEO Vanessa Hudson, draws a line under the dispute and will see Qantas add more services from Perth including flights to Auckland and Johannesburg from next year.<br/>
