Tourism Minister Stuart Ayres said the deal would help secure 2,500 new full-time jobs over the next five years.
The agreement also confirmed the construction of a new flight training centre with aircraft simulators in NSW, an expansion of the Qantas Loyalty team in Mascot and a commitment by Qantas to deliver better results from indigenous and diverse employment.
Prime Minister Dominic Perrottet said it was “right” for Australia’s national airline to have its headquarters in Sydney.
“Our government is supporting them to bring back thousands of jobs and take them to the skies,” Perrottet said.
Qantas currently employs over 3,000 people at its headquarters.
The deal comes days after a judge ruled the airline does not have to reinstate workers whose jobs were unlawfully outsourced.
AAP understands that the new funding agreement is about jobs at the company’s headquarters, not operational roles like those that are the subject of litigation.
On Friday, a judge ruled that Qantas did not have to reinstate nearly 2,000 employees whose jobs were outsourced, even though the decision was illegal.
Judge Michael Lee explained why he would not order Qantas to re-establish ground operations despite finding that the airline’s behaviour was wrong.
The transport workers union, which opened the case on behalf of the laid-off workers, said it would appeal the decision.
Judge Lee previously found that the airline’s decision to lay off up to 2,000 ground personnel and bring in subcontractors may have been motivated in part by a desire to prevent future strikes.
Qantas will appeal the judge’s original outsourcing decision.
The airline noted last week that it had a loss in the first half of more than $ 1.1 billion, expected in six months due to restrictions.
