iscoverVirgin Australia’s $852 million capital raising and $152 million share placement with HNA will be enough to cover the airline group’s near-term funding needs, S&P Global Ratings says. The capital raising along with the $159 million share placement with China’s HNA Group brings to $1.011 billion Virgin has raised since it announced a capital structure
Australians will have a new, albeit potentially more circuitous, one-stop option to the US west coast from October when Singapore Airlines (SIA) launches nonstop service between Singapore and San Francisco. The Star Alliance member said on Thursday the 7,339nm route would be served with Airbus A350-900s in its standard configuration of 253 seats comprising 42
Virgin Australia plans to raise $852 million in fresh capital through a share offer to existing shareholders and shed aircraft as part of efforts to improve its balance sheet. The company announced the two initiatives on Wednesday, after concluding its capital structure review. This content is available exclusively to Australian Aviation members. Login Become a
Qantas is looking ahead to potentially returning further capital to shareholders after concluding a $500 million share buyback. In a regulatory filing to the Australian Securities Exchange on Tuesday, Qantas said its $500 million share buy back program bought back 143.6 million shares for a weighted average price of $3.4819 per share since the program began
Virgin Australia looks set to have a second major investor from China on its share register after Air New Zealand announced plans to sell the bulk of its stake in the Australian carrier to diversified conglomerate Nanshan Group. In a statement to the Australian Securities Exchange and New Zealand’s NZX on Friday (the airline is
Qantas is boosting flights between Sydney and Queenstown this coming winter as skiers flock to the popular New Zealand tourist hotspot. The airline plans to operate an additional 13 return flights over July and August, with 11 of those to run on selected weekdays and two scheduled for Saturday August 6th and 13th. This content
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