Virgin’s shareholders – including Bain, the Virgin Group, and Queensland Investment Corp – will each take a share of a $730 million capital return proportionate to their stakes in the airline, or 93 per cent, five per cent, and two per cent respectively.
Babcock will operate two multi-mission Leonardo AW139 helicopters with “increased speed, range and operational capability” to provide 24/7 services in the region.
The government is conducting a 90-day review of the entire $120 billion Infrastructure Investment Program pipeline, which includes the $10 billion Melbourne Airport rail link originally slated to open by 2029. The broader Suburban Rail Loop project is exempt from the review.
The Skynest pods, which economy and premium economy passengers will be able to book separately for four-hour sessions, will initially be rolled out on flights from Auckland to New York and Chicago for around NZ$400-$600 per session.
The NZ carrier is planning to buy eight new 787-9 Dreamliners and five Airbus A320neo aircraft for its Tasman and Pacific Island services, and is in final negotiations to purchase another 777-300ER for its international network.
The situation has arisen because two financial advice organisations recently merged to create the Financial Advice Association of Australia – and are now moving to trademark the acronym.