iscoverVirgin Australia has appointed a US-based aviation consultant to run its airline business under a new management structure. The airline has confirmed media reports that John Thomas, an Australian, will join Virgin as group executive of Virgin Australia Airlines, with responsibility for its domestic and international operations. This content is available exclusively to Australian Aviation
Singapore Airlines (SIA) and Virgin Australia say they will develop systems to better recognise their high value guests travelling on each other’s networks as they seek a 10-year reauthorisation of their alliance. This content is available exclusively to Australian Aviation members. Login Become a Member To continue reading the rest of this article, please login.
Virgin Australia has received a $159 million boost to its balance sheet after completing a share placement to Chinese airline and aviation company HNA Group. The company said on Thursday the transaction, first announced on May 31, was finalised after HNA received the necessary approvals from Chinese authorities. This content is available exclusively to Australian Aviation
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
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
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