Original article by Lucas Baird
The Australian Financial Review – Page: 1 & 18 : 3-May-23

The pressing need to upgrade an ageing fleet will be a key challenge for Qantas veteran Vanessa Hudson when she succeeds CEO Alan Joyce in November. However, she is confident that Qantas will be able to manage the capital requirements of a fleet upgrade while continuing to reward shareholders. UBS estimates that Qants will need to spend $12.3bn on new airplanes between the 2024 and 2028 fiscal years, given that the average age of its fleet increased from 7.7 years in 2014 to 13.6 in 2022. Qantas chairman Richard Goyder has praised Hudson, noting that she has been in her current role of CFO during one of the most challenging periods in the airline’s history.

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