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Aggressive competition in the domestic market, rising operating costs, restructuring costs and investments in Skywest and Tigerair have resulted in Virgin Australia expecting to post a loss after tax of up to $110 million for the 2012/13 financial year. In a statement to the Australian Stock Exchange, Virgin CEO John Borghetti said the company’s performance

Emirates has celebrated five years of A380 operations. In Emirates service the Airbus flagship has flown more than 18 million passengers since August 1 2008 when the airline operated its first scheduled A380 flight from Dubai to New York. Over the five years of operation, more than 35 million meals have been served during 20,000

Liberal Senator for South Australia David Fawcett has condemned the federal minister responsible for aviation for “failing to respond to the damning findings of the Senate Inquiry into the Australian Transport Safety Bureau (ATSB) which was released on 23 May 2013.” “Even the announcement of an external review of the ATSB by the Canadian Transportation

Beechcraft has secured an order for up to 105 King Air 350i aircraft in what is believed to be the largest ever order for GA propeller aircraft. The deal with fractional ownership company Wheels Up is valued at US$1.4 billion and includes a US$600 million maintenance support program. The first 35 aircraft will be delivered from

Airbus Military’s A400M airlifter achieved initial operating clearance on July 31, paving the way for the delivery of the first aircraft to the French air force. The firstA400M to be delivered – MSN7 – represents the culmination of 10 years of development by Airbus Military and more than 5,000 flight-test hours and involving close to

Lockheed Martin has reached in principle agreement with the US Department of Defense on reduced pricing for the next two low rate initial production – LRIP – batches of F-35s. The savings, which equate to an up to eight per cent saving over previous LRIP batches, should benefit Australia, which is acquiring its first two