If there is any confusion, here is what QF are saying on their website.
The changes will see*:
* Qantas Group firm orders reduce from 65 to 50 aircraft, comprising 35 B787-9s and 15 B787-8s;
* the Group's first 15 aircraft - B787-9s for Jetstar's international operations - delivered from mid-2013, around three years later than planned. Jetstar was to take delivery of 15 smaller B787-8s in mid-2010;
* 15 B787-8s follow over the 12 months from the fourth quarter of 2014 for Qantas' Australian domestic operations and to retire the remaining Qantas B767-300 fleet;
* remaining deliveries, of 20 B787-9s for both Qantas and Jetstar international operations, take place from the fourth quarter of 2015 through to 2017; and
* Qantas retain the ability to purchase up to 50 additional aircraft.
Mr Joyce said the cancellation of 15 B787-9s would reduce the Group's aircraft capital expenditure by US$3 billion based on current list prices.
"Delaying delivery, and reducing overall B787 capacity, is prudent, while still enabling Qantas and Jetstar to take advantage of growth opportunities and market demands, both domestically and internationally," he said.
Details of the contractual agreement with Boeing remain confidential, but the settlement is materially in line with that previously recognised.
* delivery timeframes are based on current Boeing planning guidance and may be subject to change.