Etihad Airways has confirmed the airline has increased its stake in Virgin Australia to the maximum allowed 22.9 per cent. Representatives of the Abu Dhabi-based carrier and Virgin alliance partner released a statement to the Australian stock exchange on Tuesday afternoon outlining the purchase of 60.56 million shares for 43.5 cents per share. This content
Qantas’s “transformation” plan to return the airline group to profitability via 5,000 job cuts, aircraft retirements and order deferrals, and network consolidation is tracking better than first hoped, chief financial officer Gareth Evans says. “The transformation is key for us, ensuring that we execute and implement the transformation goals that we have set, and it’s
Qantas’s “retro” painted Boeing 737 has operated its first revenue flights, entering service on Saturday morning operating QF611 from Brisbane to Melbourne. According to flight tracking website FlightAware, VH-XZP departed Brisbane at 8:16am local, touching down at Melbourne 2 hours and 9 minutes later at 11:26am local. It then operated a return service to Brisbane (QF616)
Air New Zealand’s third Dreamliner has been spotted at Boeing’s Everett factory just outside Seattle as its delivery date nears. The 787-9, registration ZK-NZG, took its first test flight on Monday November 17. According to flight tracking websites, the test flight lasted 109 minutes, with the aircraft departing from and arriving at Paine Field. This
Australia’s Foreign Investment Review Board (FIRB) has given Virgin Australia’s proposed takeover of Tigerair Australia the green light. In a statement to the Australian stock exchange on Friday, Virgin said the all clear from FIRB satisfied one of the conditions for the deal, which was expected to be completed by the end of 2014. This
Air China has flagged starting services to Auckland as part of a proposed strategic alliance with Air New Zealand. The two carriers signed a statement of intent on Friday, coinciding with the visit of Chinese president Xi Jinping’s visit to New Zealand. This content is available exclusively to Australian Aviation members. Login Become a Member