Qantas faces tough challenge in selling B737-400 fleet

Qantas could have trouble finding new homes for its B737-400 fleet as the current market price for the aircraft is well below what the Australian carrier has been seeking. Qantas has started putting up for sale its fleet of 21 B737-400s, some of which are due to come out of the carrier's fleet later this year. While the sale of its B737-400s has been in Qantas' long-term fleet plans for several years as part of its continuing narrowbody renewal programme, the decision to start seeking buyers now comes as Qantas can use additional cash.