The QAN fleet (not including a couple of subsidiaries, and excluding Jetstar) has IIRC 119 planes, so a supposed 52 planes over three years will still mean there are plenty of clunkers.
Mr Joyce is receiving 'cash for clunkers' in the sense that he refused to update the QAN fleet in a timely manner, so the new CEO is left with a s--t sandwich. Meanwhile Mr Joyce, partly due to the buyback, will receive a massive payout by Australian and world standards for departing CEOs.
Remember Sol Trujillo at listed TLS? Mr Joyce is the 2023 equivalent.
Also no guarantee that these aircraft will all be delivered on time.
Ann: Qantas Group Announces CEO Succession, page-31
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