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Qantas faces looming funding crunch to renew fleet: report

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Qantas doesn't plan to increase capital expenditure this year or the next, creating a "sizable funding task" from 2020 onward, S&P said.

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...

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