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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 Holdings, which held onto the remaining 40 per cent, on July 8, 2013. Since paying $35 million for

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 million in the prior corresponding period. This content is

Virgin Australia is introducing business class seating on its trans-Tasman and Pacific Island 737 aircraft from early 2015. From March next year the 10 737s operated by the airline’s New Zealand-based operation (the former Pacific Blue), including the single aircraft operated by Virgin Samoa, will be refiited with the same four-abreast, 38in pitch, eight-seat business class

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 five analyst estimates gathered by Australian Aviation, and represented a deterioration from the

Etihad Airways will add Sydney as the airline’s second Airbus A380 destination when it deploys the double-decker superjumbo to the NSW capital from its Abu Dhabi-hub on June 1 next year. The airline confirmed Sydney as the second A380 route on Wednesday, with London the inaugural city. This content is available exclusively to Australian Aviation

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 plans to reduce its overall fleet to below 300 aircraft during 2014/15 as