Qantas' new Auckland lounge features an edible herb wall. Photo: Qantas
Qantas' new Auckland lounge features an edible herb wall. Photo: Qantas
Qantas' new Auckland lounge features an edible herb wall. Photo: Qantas
Qantas' new Auckland lounge features an edible herb wall. Photo: Qantas

Qantas to open all-new first class lounge in London in time for world's longest flights


Hayley Skirka
  • English
  • Arabic

Qantas has announced plans for a $100 million lounge network upgrade, including a proposed all-new first-class lounge at London Heathrow airport.

The luxury London First Lounge will have direct access to boarding gates, wellness features and sweeping views of the airfield.

Its launch is part of Qantas’ plans to revive Project Sunrise — the world’s longest non-stop flights from Australia. With a targeted opening date of 2025, the lounge will launch in time for the first direct commercial flights from London to Sydney.

Qantas' A350-1000 jets will be used for Project Sunrise non-stop flights from Australia to London, launching in 2025. Photo: Qantas
Qantas' A350-1000 jets will be used for Project Sunrise non-stop flights from Australia to London, launching in 2025. Photo: Qantas

“London is one of the most important destinations on our network and it’s the perfect location for a First Lounge, especially with our direct Project Sunrise flights on the way. Heathrow is one of the world’s busiest airports so we’re very pleased to be working with them to secure a great space in the terminal for an additional lounge,” said Alan Joyce, chief executive at Qantas.

Qantas has announced a mulit-million upgrade to lounge network, including a luxury first class lounge at London Heathrow. Photo: Qantas
Qantas has announced a mulit-million upgrade to lounge network, including a luxury first class lounge at London Heathrow. Photo: Qantas

Subject to agreement with Heathrow Airport and UK regulators, the hub will be the airline’s fifth first-class lounge internationally, joining Los Angeles, Melbourne, Singapore and the original hub in Sydney.

It’s one of several developments revealed by the Australian national carrier as part of a multimillion investment announced as the airline expands its network and starts to take delivery of next-generation aircraft.

“Being back in profit means we’re back to making long-term investments for our customers. That started with the major aircraft order we announced last year and now we’re building on that with a major investment in our lounges," said Joyce.

Qantas has announced a $100 million lounge network upgrade with developments in London, Hong Kong and Australia. Photo: Qantas
Qantas has announced a $100 million lounge network upgrade with developments in London, Hong Kong and Australia. Photo: Qantas

Other upgrades include the reopening of a refreshed international lounge at Hong Kong. Qantas previously said the lounge was being “permanently closed” but plans have changed with the renovated space due to open in April with the return of its popular yum cha trolley service, from which travellers can enjoy complimentary tea and dim sums.

The International business lounges in Sydney and Melbourne will also be expanded and entirely renovated.

Qantas also revealed the first pictures of its new Auckland International Lounge, opening “progressively this year”.

The sleek space has been designed as a “preflight oasis” with an edible herb garden, smart mood lighting and a huge L-shaped bar.

What is Qantas' Project Sunrise?

Qantas plans to launch Project Sunrise flights between Australia, the UK and the US in 2025. Photo: Qantas
Qantas plans to launch Project Sunrise flights between Australia, the UK and the US in 2025. Photo: Qantas

Project Sunrise is Qantas’ plans for non-stop flights to Australia from any other city in the world, including New York and London.

Research flights have been completed for the ultra-long-haul journeys, which will have a flying time of more than 21 hours and where jets will travel more than 16,000km, saving up to four hours of travel time when compared with the one-stop options currently available.

The project was paused during the pandemic. In May last year, Australia’s national carrier confirmed an order for 12 Airbus A350-1000s to be used for the flights, now due to commence in late 2025.

COMPANY%20PROFILE
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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: February 21, 2023, 10:19 AM