World’s Longest Flights Put on Hold as Virus Upends Plans
(Bloomberg) -- Qantas Airways Ltd.'s plan to start record-breaking commercial flights half-way around the world is on hold because of the coronavirus crisis.
“There is huge potential for Project Sunrise but the time is not right now given the impact Covid-19 has had on world travel,” Chief Executive Officer Alan Joyce said on a call with reporters Tuesday, referring to the plan to introduce direct services connecting Sydney with London and New York.
Qantas had planned to start the ultra-long-haul services in 2023 and was well into its preparations. It ran test flights from New York and London to Sydney last year, turning the aircraft into a flying laboratory. Qantas had picked Airbus SE's A350-1000 to fly the routes and planned to buy as many as 12.
“We're obviously talking to Airbus about the 350s,” Joyce said in an interview with Bloomberg Television on Tuesday morning. “While we are in a recovery phase of Covid-19 it's not appropriate for us to put an order in for that large number of aircraft and the capital expenditure that that would entail.”
| More on Project Sunrise: |
|---|
| I Took the World's First 20-Hour Flight. Here's What Happened |
| Human Guinea Pigs Prepare for 20-Hour New York to Sydney Flight |
Joyce described Project Sunrise as “a longer-term opportunity,” once Qantas has enough capital to commit to more planes and there's a recovery from the virus.
©2020 Bloomberg L.P.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.