Category: Airlines

Virgin Blue’s new CEO John Borghetti will earn up to $3.5 million a year in his role, according to a release made to the Australian Securities Exchange. Borghetti will receive a $1 million base salary each year, as well as a short term incentive plan equivalent to the same amount as the base salary. In

The latest BITRE domestic air fares index shows that airfares during May are tracking consistently lower than the same time last year. The index records best discount economy airfares at 50.1, compared with 70.5 during May 2009, which appears to be linked to the price war between Jetstar and Tiger Airways. The restricted economy fare

The Emirates Group has defied the economic slowdown over the past year, recording a 248 per cent increase in net profit for the financial year ending March 31. “It has been an exceptional year of continued profitability against a backdrop of the worst global recession in generations,” said Emirates Group chairman and CEO HH Sheikh

Jetstar Asia is to receive two Airbus A330-200s, allowing the airline to start services from Singapore to destinations in Europe, Australia and North Asia from the end of 2010, the carrier announced on May 12. Jetstar says the decision will create up to 200 jobs across its growing pan-Asian network, while it remains in discussions