Cobham Awarded 5-year, AUS $500 M QantasLink Contract Extension

Cobham has been awarded an AUS $500 million extension of its current B717 QantasLink contract through until 2018 that involves the expansion of operations into Queensland. The extension includes an increase in B717 aircraft operated by Cobham from 11 to 13, and the establishment of a Brisbane operating base in early 2012. The contract agreement with Qantas was signed on 17 October 2011. Cobham's current QantasLink contract would have expired in 2013. "This is a significant expansion of Cobham's operations in Australia as the nation's largest contract aviation company and will see Cobham adding 50 more staff. The extended contract strengthens our 20-year relationship with Qantas, enhancing the service we currently supply to QantasLink and for passengers in regional and remote Australia. This is a credit to our very professional and dedicated team and I'm delighted that it provides a further 5 years to our valued relationship with Qantas" said Cobham Aviation Services Vice President, Peter Nottage.

Source: Cobham Plc (LSE: COB.L)
Date: Oct 18, 2011