Market Chatter: Qantas Airways Shares Flat After Aircraft Undergoing Maintenance Receives Fire Damage

MT Newswires Live
19 Jun

Shares of Qantas Airways (ASX:QAN) were flat in recent trading on Thursday after one of the firm's Boeing 737 aircraft, which was undergoing maintenance in Hong Kong, received extensive damage from a battery-powered vacuum fire in the cargo hold.

There was considerable damage to the rear fuselage from the fire in early May, which required the assistance of Boeing to oversee repairs, The Australian reported Wednesday.

A Qantas spokesman confirmed the incident, per the report. The aircraft was due to return in mid-July.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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