Former Qantas chief financial officer Colin Storrie has been hired by Investec’s Global Aircraft Fund to sit on its investment committee. Storrie left Qantas in March for personal reasons. Former Qantas executive general manager John Borghetti has also sat on the same investment committee, but stepped down prior to being appointed as CEO of Virgin
British Airways CEO Willie Walsh says that it and merger partner Iberia are looking at further acquisitions, raising the prospect that Qantas may again be a target for a merger with the European airlines. Walsh told the Financial Times that there were 12 potential targets of the International Airlines Group, which is the new holding
Qantas has lost a High Court appeal to a ruling that it must pay potentially millions of dollars in commissions to travel agents that it tried to argue did not apply. Qantas had launched an appeal in the High Court to an earlier ruling in the Federal Court that it was liable to pay commissions
Virgin Blue and Etihad Airways have begun winding back their relationships with Emirates and Qantas respectively after the announcement of a wide ranging codeshare alliance between the two airlines. Virgin Blue has announced that it will end its codeshare arrangement with Emirates on trans-Tasman services while it will also sever its loyalty program relationship. The
An uncontained engine failure on board Qantas Boeing 747-400 VH-OJP earlier this week could be linked to a recently issued FAA Airworthiness Directive (AD) which was issued following the discovery of cracks in the low pressure turbine of a number of Rolls-Royce RB211 engines. The AD, which takes effect from September 27, calls for the
A Qantas Boeing 747-400 operating a flight to Sydney suffered an uncontained engine failure inflight on August 31, forcing the crew to return to San Francisco. Operating as QF74 with 212 passengers and 18 crew on board, 747-438 VH-OJP was understood to be at an altitude of 25,000ft approximately 15-20 minutes into the flight when