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In a statement, Transport Minister Catherine King said EY Australia would ask the Federal Court to extend its convening period – currently slated to end this month – to December, and indicated further financial support would be provided if the extension is granted.
As reported by The Australian Financial Review, Angus Hewitt of financial services firm Morningstar wrote in a note to clients that the company “does not think Australia will only have two airlines forever” and said the planned IPO is “too expensive”.
The low-cost carrier has increased its JQ47/48 Seoul services from four to seven times per week out of Sydney as of Tuesday, bringing its total seats between Australia and South Korea to 340,000 per year when coupled with the existing three-times-per-week Brisbane–Seoul flights.
In a vision document seen by Australian Aviation, the Renaissance Partners consortium proposes a “third national carrier” with a northern hub in Darwin and a southern hub in Canberra.
The union, whose approximately 850 Virgin Australia members make up the majority of the airline’s pilot workforce, said it supports Virgin’s plan to expand its fleet and route network and will work with management to prepare for next week’s ASX relisting, slated for 24 June.
The JQ165 service, on board the A320 VH-XSJ, is the first international flight to Hamilton Airport in 13 years. It touched down shortly after 11am on Monday and will operate four times per week, adding almost 75,000 seats per year.
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
