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No, we checked, it's not April 1 -- Qantas has just advised media that it will be making a major announcement around "A new Spirit" at 10am.
The announcement has been made!
Australian Business Traveller will be covering the event live here from 10am.
While you're waiting, check out some of our previous coverage to get the back-story of the rocky road Qantas has travelled to this point: