Category: Virgin Australia

Airlines

Virgin Australia shares have been placed in a trading halt on the Australian Securities Exchange (ASX) ahead of an announcement from Air New Zealand about its shareholding in the Australian-based carrier. “The trading halt is requested pending an announcement by Air New Zealand in relation to its shareholding in Virgin Australia,” the company said in a

Airlines

Moody’s says Virgin Australia’s improvement in earnings amid low fuel prices and its move to capture more high-yielding corporate and business travellers has been below expectations. The ratings agency’s view was published in a statement on Tuesday evening, following Virgin’s announcement on Monday it was reviewing its capital structure and had secured a $A425 million,

Airlines

ANALYSIS: Remember when, back in November 2013, Qantas set up an online petition calling for Australians to voice their opposition to Virgin Australia’s proposed $350 million capital raising, called Fairgo4Qantas? At the time, Qantas expressed fears that the rights issue, which was backed by Virgin’s three major airline shareholders Air New Zealand, Etihad Airways and Singapore Airlines

Airlines

Virgin Australia has tapped its four major shareholders for a $A425 million loan facility as part of a fresh review of its balance sheet. The 12-month, $A425 million loan facility with Air New Zealand, Etihad Airways, Singapore Airlines (SIA) and Sir Richard Branson’s UK-based Virgin Group would provide the company with “additional flexibility in the

Air New Zealand

Air New Zealand and Virgin Australia say they are looking to buy locally-produced aviation biofuel as part of a new partnership. In a boost for the aviation biofuel sector in this part of the world, the trans-Tasman alliance partners said on Monday they have released a request for information (RFI) to the market for aviation

Airlines

Alliance Aviation Services and Virgin Australia have announced a partnership agreement that will see them cooperate in the fly-in/fly-out (FIFO) resource charter market. “Both airlines will benefit from the ability to leverage each other’s strengths, particularly in terms of network, brand, product and service offering, and technical expertise,” the two companies said in a joint

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