Jake Nelson

Super funds with ties to the Queensland Investment Corporation, which is reportedly the preferred bidder for the proposal, are being pushed to “carefully investigate” their involvement with QIC, with UFUAV saying they should look into whether members’ retirement savings could be used.

Citing “significantly elevated” fuel prices and “continued strong demand for travel to Europe”, Qantas and Jetstar will see a two-percentage-point reduction in international capacity for 1Q27, and extend current domestic cuts of five percentage points until the end of September.

The shipments, alongside almost half a billion litres of diesel bound for Darwin, are on top of eight already announced with BP Australia, Ampol, and Viva Energy, which are scheduled to arrive in Australia over the next two months.

Figures for March 2026 released by the International Air Transport Association showed an 0.6 per cent drop in global international demand from March 2025, with capacity down 6.2 per cent. It comes after Airservices found Australian traffic through the Gulf fell by 77 per cent year on year.

The Diamond DA42 Twin Star, believed to be registered VH-YQP, crashed into a hangar at around 2pm on Wednesday, killing both people on board and injuring several on the ground in the subsequent fire, with 10 taken to hospital.

The International Air Services Commission (IASC) has awarded the Flying Kangaroo unrestricted capacity to Canada for 99 years, including its subsidiaries and codeshare arrangements with partners such as American Airlines and WestJet.