Cobham secures QantasLink contract extension

(ShareCast News) - FTSE 250 aerospace and defence group Cobham has signed a contract to extend its current QantasLink contract for the provision of airline services to the end of 2026.The company has secured a 10-year, AUD1.2bn contract to continue provision of airline services to QantasLink, supporting its fleet of 20 Boeing 717 aircraft.The Cobham-Qantas partnership began back in 1991 and Cobham remains the only third party trusted to operate under the Qantas brand, with operations across Australia into all states and territories carrying more than 2m passengers per year on behalf of QantasLink.Cobham said the scope of services remains similar to the current contract and the award extends the partnership to 35 years.Peter Nottage, sector president of Cobham Aviation Services, said: "Qantas is a very important and long-term customer for Cobham and this is a significant contract extension, providing a valuable contribution and scale to our overall commercial passenger flying operations in Australia through 2026."We have supported QantasLink since 1991 and the award of this extension demonstrates the ongoing value that Cobham provides for Qantas."