04 Apr '11, 5am

Australia's @QantasAirways to offload ageing @BoeingAirplanes 737s - @STcom

SYDNEY - AUSTRALIAN carrier Qantas has decided to offload its ageing Boeing 737-400 planes, but the airline insisted on Monday it was part of an overall fleet modernisation and not a 'garage sale'. News that 21 of its Boeing 737-400s would be on the market from this year comes less than a week after the airline said capacity and jobs would be slashed as it grapples with natural disasters and rising fuel costs. 'This has been part of our fleet strategy all along,' a Qantas spokesman told AFP. 'It's not like we are having a garage sale.' He said the sales, which would continue over the next few years, would allow Qantas to replace the 737-400s, known as the workhorse of the skies, with the more modern and efficient 737-800s. Qantas would not speculate on how much the sales would earn, but reports said each plane could fetch as much as A$20 million (S$26.2 million) thanks to ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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