iscover
Westaway, who has led the peak body since 2024, intends to spend more time with his family in Melbourne at “an important time”, following “reflection on the Association’s next stage”.
The company is seeking to raise $40 million by issuing 80,000,000 new shares at an offer price of $0.50 per share, implying an indicative pro forma market capitalisation of approximately $158 million upon completion of the offer.
The strategic partnership will see AirAsia-affiliated Teleport set up an ecommerce hub at Avalon including a dedicated air freight operation, handling Chinese goods from online marketplaces such as Shein and Temu. It comes after the opening of a new cargo hub at Avalon last year.
The company’s major investment in the Melbourne, Florida-based sixth-generation precinct is designed to bolster Northrop Grumman’s pitch to the US Navy for the lucrative, sixth-generation fighter program to replace the ageing Super Hornet-based carrier airwing fleets.
In iSelect’s Australian Airport Delay Index for 2025, Sydney saw 6,700,207 passengers delayed or cancelled, ahead of Melbourne at 6,360,989, and Brisbane at 4,652,914. Delayed flights sat at 23 per cent, while 3.12 per cent cancelled last year.
Speculation has whirled into a frenzy earlier this week with news that several unidentified drones had been seen flying over RAAF Base Williamtown and Newcastle Airport in early July.
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
