Category: Airlines

Virgin Australia has proposed splitting its business into distinct international and domestic holding companies in a move that would open the way for greater foreign investment in its domestic operations. Under the Air Navigation Act, Australian airlines with international services are capped at 49 per cent foreign ownership, but purely domestic airlines face no such

Air New Zealand will launch twice weekly flights to Queensland’s Sunshine Coast this winter as part of its trans Tasman alliance with Virgin Australia. The A320 flights will operate between Auckland and the Sunshine Coast on Tuesdays and Sundays between July 1 and September 18 and will offer connections to the respective domestic and international

Virgin Australia says rising profits are proof that its transition to a full service airline is paying dividends. According to figures released today, Virgin’s net profits over the first half of the financial year rose 118 per cent to $51.8 million. Underlying pre-tax profits were up 34 per cent over the previous year to $96.1

Vietnam Airlines will take over majority ownership of Jetstar Pacific in a move that will see the struggling budget carrier get a $25 million cash injection. As part of the long rumoured deal, Qantas will increase its share in the airline from 27 to 30 per cent. Vietnam Airlines will take over the majority stake