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Qantas faces looming funding crunch to renew fleet: report

Published Thu, Feb 15, 2018 · 09:50 PM
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Sydney

AFTER delaying spending on its fleet for too long during a turnaround program, Qantas Airways Ltd faces a possible funding squeeze when it's time to buy new planes, according to S&P Global Ratings.

The Australian flag carrier needs to increase investment in its ageing fleet of 309 planes before the sum required is too large to handle, S&P said in a report released on Thursday.

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