Tuesday September 02, 2014

RAAF Herc undertakes second Iraq air drop

RAAF Herc undertakes second Iraq air drop

The Royal Australian Air Force has undertaken a second air-drop of humanitarian supplies to civilians in northern Iraqi cut off by Islamic State militans, and could soon be involved in airlift missions supplying weapons and ammunition to Kurdish forces. In... [Continue reading]

QantasLink ends Gladstone-Sydney service

QantasLink ends Gladstone-Sydney service

Residents of Gladstone have lost their direct service to Sydney after QantasLink ended its flights on the route on Friday. The last service, QantasLink flight QF2129, left Gladstone Airport at 1651 and arrived at Mascot a little behind schedule at 1946... [Continue reading]

Xiamen flags 787 for Australian routes

Xiamen flags 787 for Australian routes

Xiamen Airlines has joined a growing list of carriers planning to fly the Boeing 787 to Australia. The Chinese airline has received the first of six 787-8s on order due for delivery between now and September 2015. While the airline plans to use the aircraft... [Continue reading]

Borghetti says demand gap closing

Borghetti says demand gap closing

Virgin Australia chief executive Johh Borghetti says the market is slowly catching up with the excess capacity swirling around in the domestic market. However, he admits there is still a long way to go. The softening in the national economy, coupled with... [Continue reading]

Tigerair on path to 2017 profit, Virgin says

Tigerair on path to 2017 profit, Virgin says

Tigerair Australia is on a clear path to profitability by 2016/17 after a year of transformation, the budget carrier’s majority owner Virgin Australia says. Virgin completed its 60 per cent purchase of Tigerair Australia from Singapore-based Tigerair... [Continue reading]

Rex says aviation sector in “deep crisis”

Rex says aviation sector in “deep crisis”

Regional Express (Rex) has declared the Australian aviation sector to be in deep crisis after reporting a near halving of full year net profit. The airline said net profit for the 12 months to June 30 2014, fell 44.9 per cent to $7.725 million, from $14.018... [Continue reading]

Virgin Australia brings forward 737 MAX deliveries, but “no rush” on widebodies

Virgin Australia brings forward 737 MAX deliveries, but “no rush” on widebodies

Virgin Australia has announced it is bringing forward first deliveries of the 23 Boeing 737 MAX 8s it has on order from 2019 to 2018 as part of efforts to increase aircraft fleet efficiency. However, the airline’s CEO John Borghetti won’t... [Continue reading]

Virgin Australia posts $355 million loss in 2013/14, sells partial stake in frequent flyer program

Virgin Australia posts $355 million loss in 2013/14, sells partial stake in frequent flyer program

Virgin Australia has posted a full year net loss of $355.6 million and says conditions remain challenging in the current year. The result was below market consensus of a $214 million loss for the 12 months to June 30 2014, according to a median of... [Continue reading]

Confronting the Qantas Group’s “confronting” loss

Confronting the Qantas Group’s “confronting” loss

Three times during Thursday’s annual results press conference, CEO Alan Joyce used the term “confronting” to describe the Qantas Group’s $2.8 billion net loss for the 2013-14 financial year. “It has absolutely been the most... [Continue reading]

Qantas defers Dreamliner options to 2017

Qantas defers Dreamliner options to 2017

Qantas has pushed back the deadline for exercising the first of its 50 options and purchase rights for Boeing 787 Dreamliner aircraft for 12 months and confirmed it has delayed delivery of Airbus A320neos for Jetstar by four years. The airline group also... [Continue reading]

Joyce points Qantas to 2015 first half profit

Joyce points Qantas to 2015 first half profit

Qantas chief executive Alan Joyce is predicting brighter skies ahead for the airline group after handing down a full year loss in excess of $2 billion for 2013/14. The $2.843 billion statutory net loss for the 12 months to June 30 2014, was impacted... [Continue reading]

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