By Reuters Staff
2 Min Read
SYDNEY, May 6 (Reuters) - Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic.
It will make some smaller moves such as Jetstar relocating some heavy maintenance on its Airbus A320 fleet from Singapore to Brisbane as part of a trial in 2021, with the potential for this to be extended. Qantas and Jetstar will also expand their maintenance operations in Melbourne.
Qantas had gone to state governments asking for financial incentives to maintain or shift the location of its headquarters or other operations to help it weather an A$11 billion ($8.52 billion) fall in revenue due to the decline in travel during the pandemic.
BusinessWorld
May 6, 2021 | 7:26 pm
An American Airlines passenger jet glides in under the moon as it lands at LaGuardia airport in New York, Aug. 28, 2012. REUTERS
THE US is spearheading a nascent revival in overseas air travel as people jump at the chance to fly to destinations in Mexico and the Caribbean without quarantines or other Covid-related restrictions.
New York to Santo Domingo and Santiago de los Caballeros, the two biggest cities in the Dominican Republic, are among the world’s busiest overseas routes this year, according to aviation analytics company Cirium. Neither made the top 10 before the pandemic. Orlando to San Juan in the US territory of Puerto Rico sits at second-busiest overall, behind Moscow to Simferopol, in the disputed Crimea region.
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SINGAPORE: Singapore Airlines Ltd (SIA) said it had raised about S$2bil (US$1.5bil or RM6.15bil) through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in travel.