News sources have reported that Qantas has ditched plans to add a near-new Boeing 747 freighter to its fleet due to continued weakness in the international air-cargo market.
It is said that the latest figures from the peak airline body also show that while the global air-freight market recorded modest growth in July, cargo demand in the Asia-Pacific region fell 1.4 per cent, partly due to sluggish business activity in China.
Qantas had intended to take on the 747 freighter later this year, replacing a contract it has with US air cargo company Atlas Air to lease an older jumbo and crew.
A wet lease Qantas has on another Atlas Air jumbo also expires in 2015. But Qantas said it decided not to finalise the new lease agreement for the 747 freighter because of softness in the global air-freight market.