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Air New Zealand has confirmed the sale of 19.98 per cent of Virgin Australia shares to Chinese conglomerate Nanshan Group. The sale, first announced on June 10, was completed on Tuesday, the company said in a statement to the Australian Securities Exchange. This content is available exclusively to Australian Aviation members. Login Become a Member
Moody’s has maintained its B2 corporate rating on Virgin Australia following the announcement of the airline group’s $852 million capital raising. In April, the ratings agency placed Virgin under review for a credit downgrade in response to the company’s stretched balance sheet and after the Air New Zealand said it wanted to offload its stake
Jetgo will shift its Melbourne-Dubbo service from Avalon to Essendon airport from early July following the installation of necessary security screening facilities at the close-in Melbourne airport. The regional carrier had planned to fly from Dubbo to Melbourne Tullamarine starting in October 2015, but was unable to secure terminal space at the airport. This content
Virgin Australia has secured the necessary traffic rights to mount flights to Beijing and Hong Kong from June 1 2017. The International Air Services Commission (IASC) has approved the Australian carrier’s request for 1,925 seats a week of capacity to China and seven flights a week to Hong Kong. This content is available exclusively to
Domestic business class fares have risen to their highest level in more than four years, while best discount economy fares were softer in June, new figures show. The Bureau of Infrastructure, Transport and Regional Economics (BITRE) monthly report on domestic ticket prices showed the index measuring business class airfares rose to 95.8 points in June,
Hawaiian Airlines chief executive Mark Dunkerley says the Australia-Hawaii market has not experienced the same level of extreme discounting on flights between this country and the US mainland. The trans-Pacific market has been particularly active in recent times, with the arrival in late 2015 of American Airlines to Sydney, Qantas’s resumption of San Francisco services
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