iscoverVirgin Australia’s $350 million rights issue, which has seen major institutional investors Air New Zealand, Etihad, Singapore Airlines and the Virgin Group take up their entitlement shares in the airline, has sparked a pointed reaction from Qantas and counter arguments from Virgin. The rights issue, which so far has raised $281.4 million from Virgin Australia’s
Air New Zealand shares are in a trading haft after the New Zealand government announced it is selling down its stake in the kiwi carrier from 73 per cent to about 53 per cent. Shares in Air New Zealand were trading at NZ$1.65 before the trading halt, valuing the 20 per cent stake at about
Virgin Australia has announced that it intends to raise about $350 million through an entitlement offer to improve its liquidity position. Shareholders will be able to purchase five new shares for every existing 14 company shares held on November 19. The airline’s major shareholders and strategic partners support the entitlement offer and will be taking
The Singapore Airlines Group increased its profit more than 24 per cent during the second quarter of the current financial year, earning an operating profit of S$87 million, an increase of $17 million. Revenue grew S$107 million (+2.8 per cent) to S$3,901 million on the back of five per cent growth in passenger carriage. The
The Melbourne Storm Rugby League Club has signed a two-year deal with Tigerair, with the low-cost airline to become the club’s official airline partner. Storm and Tigerair first partnered for the final rounds of the 2013 season with the deal now increased to include the 2014 and 2015 seasons. The partnership will deliver a wide range
Jetstar has operated its inaugural 787 revenue flight, with its first 787-8, VH-VKA, operating flight JQ432 between Melbourne and the Gold Coast on Wednesday. More than 250 passengers including Jetstar CEO Jane Hrdlicka and representatives from Boeing and General Electric were aboard the flight, which departed a wet Melbourne Airport at just after 11am and
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
