The Chairman of Qantas, Margaret Jackson, announced today that Geoff Dixon would continue as Chief Executive Officer (CEO) of Qantas on an ongoing contract, replacing his current employment contract which was to expire on 1 July 2007.

Ms Jackson also announced Chief Financial Officer (CFO), Peter Gregg, whose current contract concludes later this year, has also agreed to remain in his role on an ongoing contract.

Ms Jackson said that continuity of leadership was particularly important in the current aviation environment, where the challenges confronting the industry have never been greater.

"Geoff is an outstanding Chief Executive. His leadership and experience have been invaluable since he took on the role in March 2001, with Qantas outperforming most of its peers in the global airline industry."

"Peter has been Chief Financial Officer at Qantas since September 2000, and we are very pleased that he will continue in this role," she said.

"With the airline continuing to face tough operating conditions, with historically high fuel prices and increasing international competition, the Board is delighted that Geoff and Peter have agreed to continue in their current roles on an ongoing basis."