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Qantas Group announced a fleet plan

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The Qantas Group announced a fleet plan covering the period through June 30, 2013 to "boost its domestic, resources charter and international fleets," through the acquisition and lease extensions of a total 41 aircraft, to support "ongoing growth and operational efficiencies," Qantas said. It said it intends the combination of new aircraft orders and leases to position Qantas, Jetstar and Network Aviation to take advantage of new market opportunities.

"The Qantas Group has a very strong, but still flexible, domestic and international aircraft order book," Qantas Chief Executive Officer Alan Joyce said. "Today we are announcing significant moves that will build on this strength and meet our strategic needs in the short to medium across, particularly in the domestic and Asian markets."

It will lease five 737-800s, and extend leases on two 737-800s, for Qantas; lease 10 A320s, extend leases on 11 A320s, and lease one A330-200 for Jetstar; purchase 10 Fokker 100s for Network Aviation and lease two 717s for QantasLink.

"With the domestic market continuing its strong post-GFC recovery and growth, the Qantas Group will need additional capacity to participate in this growth and maintain its profit maximizing 65 per cent domestic market share," Joyce said. "Much of these fleet additions will be directed to this key part of our operations - across each of our premium and low fare airlines, as well as Network Aviation operating fly-in-fly-out resource charter services in Western Australia.

With the aircraft additions, QantasLink's fleet of 717s will grow to 13 aircraft. It said the additional A320s "will ensure Jetstar maintains its place as the country's largest low fare airline and, along with Jetstar Asia, is best positioned to continue to drive the Group's Pan-Asian strategy," adding, "our intention from day one has been to grow Network, and today's announcement will increase its F100 fleet five-fold."

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