Qantas Ends Aircraft Repair Venture Plans in Malaysia
Slumping travel demand has forced Qantas to cut capacity and ground planes.
Qantas Airways Ltd., the Australian carrier ordered by the government to improve aircraft maintenance, scrapped plans for a repair and overhaul venture with Malaysian Airline System Bhd.
"We aren’t pursuing further discussion," David Epstein, a spokesman for Sydney-based Qantas, said in a statement today.
Australia's Civil Aviation Safety Authority in September said Qantas must address deficiencies in meeting its own maintenance performance targets after a series of safety incidents. The scrapping of the Malaysian venture comes amid slumping travel demand, which has forced Qantas and rival Singapore Airlines Ltd. to cut capacity and ground planes.
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