Perth Airport and Qantas announce historic commercial agreement including $3bn investment in new terminal facilities

Perth Airport and Qantas have announced an historic agreement, as part of which the airport will invest around $3 billion in new terminal facilities and a new parallel runway for a “seamless, world-class CX”.

Perth Airport and Qantas have announced an historic 12-year commercial agreement, as part of which the airport will invest around $3 billion in new terminal facilities and a new parallel runway.

This will form part of a $5 billion capital investment program by Perth Airport – the largest ever private infrastructure development in Perth – which will also deliver two multi-storey carparks, major access roadworks, and the airport’s first hotel.

Qantas and Jetstar will relocate all services to a new terminal in the Airport Central precinct that will, along with the airline’s major investment in new aircraft, enable the growth required to turn Western Australia into a major domestic and international hub for the airlines.

Qantas and Jetstar plan to add 4.4 million seats to and from Perth per year by the time the new terminal opens in 2031.

“This is a special moment in the history of aviation in Western Australia as this agreement will unlock the future for both Perth Airport and Qantas,” said Jason Waters, CEO, Perth Airport. “Qantas has some ambitious growth plans for its operations in Perth and we are thrilled to have the opportunity to push ahead together to realise this potential. Western Australians will now see the largest-ever private investment in an infrastructure development in Perth – a once in a lifetime investment program that will completely change the face of Perth Airport over the next decade. Most importantly, it will deliver one airport for the people of Western Australia which will host all flight services giving them a seamless, world-class travel experience.”

The new terminal is set to offer passengers seamless domestic and international transfer, as well as state-of-the-art check-in and bag drop facilities. Qantas will work with Perth Airport on plans for a multi-lounge precinct for international and domestic passengers with a new signature design and bespoke dining and wellness initiatives.

Perth Airport will also invest in upgrades to Terminals 3 and 4, the current home of Qantas domestic and international flights, to create additional capacity while the new terminals are built. Jetstar will relocate its domestic services to Terminal 2 from September 2024, unlocking further growth opportunities for both airlines, before moving into the Airport Central terminal when complete.

“This is the largest airport infrastructure deal in our history,” said Vanessa Hudson, CEO, Qantas. “It will enable us to create a world-class western hub and significantly expand our domestic and international services over the short, medium and long term. Not only will it allow us to bring hundreds of thousands more travellers to and through Western Australia each year, it will also make it easier for overseas tourists to connect to more destinations across Australia.”



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