News
‘Kick in the guts’: Union slams Qantas’s $2.4bn profit forecast
Airlines

TWU National Secretary Michael Kaine said the forecast was the result of the airline “bleeding dry workers, passengers and the taxpaying public”, and lambasted Qantas for increasing its share buyback scheme by $100 million.

Ex-American Airlines CEO Doug Parker joins Qantas board
Airlines

Parker is one of the key figures in the consolidation of the US aviation market in the early 2000s. He served as CEO of American Airlines from 2013 to 2021 and has more than 35 years of aviation experience, having worked in airlines since 1986 and in CEO positions from 2001 onwards.

Qantas forecasts more than $2.4 billion FY23 profit
Airlines

The Flying Kangaroo has released estimates putting its full-year profit for FY23 as between $2.425 billion and $2.475 billion, with a net debt of $2.7–$2.9 billion as at 30 June 2023. The estimate follows a record $1.428 billion half-year profit to December 2022.

New WA regional carrier Nexus to begin flights in July
Airlines

Owned by Aviair, Nexus will fly five 76-seater de Havilland Dash 8-Q400 aircraft on three routes: a direct Geraldton–Perth service and multi-stop services from Geraldton–Karratha–Port Hedland–Broome and Broome–Kununurra–Darwin.

Hypersonic rival bids for Virgin Orbit’s 747
Space

According to reports, Stratolaunch is set to pay the bankrupt business in cash immediately for ‘Cosmic Girl’ should the deal be accepted.

Aero Defence unveils new Qld bulk storage facility
Industry

The purpose-built inventory management infrastructure will store bulk materials, reducing the reliance on overseas suppliers and the time between order and delivery, according to a public statement from Aero Defence (AD) on 22 May.

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