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The Series B capital raise, led by existing and new investors, comes as the New Zealand-founded aerospace company accelerates development of its Aurora spaceplane and expands its growing satellite propulsion business.
Qantas Group CEO Vanessa Hudson revealed the news at Airbus’ factory in Toulouse, alongside the livery of the Flying Kangaroo’s first A350-1000ULR, VH-OJA, which will be dubbed “Vega”. Sydney-London will be followed by Sydney-New York, with London services to go on sale in February.
Pilots will receive a 3 per cent wage increase per year for the next four years after nearly 56.5 per cent of those who voted supported the deal, which also includes rostering improvements and new part-time arrangements. It will cover around 1,250 pilots at the airline.
The completion of the AIR5440 program, dubbed “an important milestone in the delivery of a complex air mobility capability upgrade achieved through strong defence industry collaboration”, was marked with an event at RAAF Base Richmond this month.
As part of Round 5 of the Regional Airports Program, airports can apply for funding for essential works between $20,000 and $5 million, with eligible works able to receive up to 50 per cent of the costs as a grant.
The plan will set the course for the next two decades of development at Queensland’s largest international gateway, with demand tipped to increase dramatically, especially in the lead-up to the 2032 Olympic and Paralympic Games.
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
