Qantas and Emirates have announced they will extend their cornerstone partnership for another five years, according to an official statement on Monday, October 4.
It is expected to benefit customers and frequent flyers of both airlines, will continue to have access to a joint network and reward seats to travel across Australia, New Zealand, Europe, and the UK.
The airlines have existing approvals from regulators to operate a joint business until March 2023.
Qantas and Emirates are expected to now seek re-authorization from relevant regulators, including the Australian Competition and Consumer Commission, to continue the core elements of the partnership.
The elements include coordination of pricing, schedules, sales, and tourism marketing on approved routes until 2028.
The deal includes an option to renew for another five years beyond that.
Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations to using their Qantas Points or Skywards Miles.
For Emirates customers, the deal provides access to over 55 Australian destinations that Emirates does not fly to.
Qantas customers are able to fly on Emirates to Dubai and access over 50 cities in Europe, the Middle East and North Africa, that Qantas does not fly to.
Together, these encompass 38 codeshare destinations in the UK and Europe, including Rome, Zurich, and Barcelona, 55 codeshare destinations in Australia and New Zealand, 13 codeshare destinations in Africa and the Middle East, and two codeshare destinations in Asia
As Qantas and Emirates recover from the impact that Covid-19 has had on their respective businesses, the partnership will continue to deliver financial upside for both airlines, said the statement.