iscover
Lim, who in May admitted to misleading investors over Rex’s financial performance in 2023 and agreed to accept penalties, has also been ordered to pay a portion of the Australian Securities and Investments Commission’s costs in the case brought against him and three other former Rex directors.
The airline has written to the International Air Services Commission for 5,086 seats per week in each direction on the Indonesia route, with an eye to expanding its existing Sydney, Melbourne and Brisbane services, as well as operating flights from Perth to Denpasar.
Flight 8B18 touched down 15 minutes ahead of schedule at 5:10am on Tuesday morning, aboard the Airbus A320 PK-TLO. The service will initially operate four times per week on the 174-seat aircraft, increasing to daily from 16 November.
Vietjet, which has reportedly been making moves towards establishing a domestic Australian subsidiary, is being chased by creditor FitzWalter Aviation over around $360 million in debt on four Airbus A320 aircraft, dating back to 2021.
VH-XF7 arrived in Australia at the end of September and began services to WSI last week, having previously flown with China Southern Airlines as B-6307. According to Qantas, it and the two more A321P2Fs on the way will add up to 20 per cent capacity to the airline’s dedicated freighter network.
Joshua Wander, whose investment firm had bankrolled low-cost carrier Bonza before abruptly pulling funding, causing the airline’s collapse, has admitted to one count of wire fraud and securities fraud, each of which carries a maximum sentence of 20 years in prison.
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
