Cosmovision Global Corporation claims the new aircraft could fly between Sydney and LA in less than six hours and would boast a flight range comparable to a 787-9.
The extraordinary loss for FY20 was ten times higher than the previous year and was in part due to revenue falling 20 per cent to $4 billion.
UNSW's Sangeetha Pillai talks through the legal ramifications of Australia slamming shut its border to its own citizens currently in COVID-ravaged India.
In a statement, the State Department said it was vital to the national interest to “assist our ally in developing and maintain a strong and ready self-defence capability”.
The decision means the country’s flag carrier will now operate two to three return flights a week to Rarotonga using its 787-9s, before increasing to daily trips from July.
It comes after the regional airline made the initial announcement at 5am and bullishly predicted there would be “copycat moves” from its larger rivals, which transpired at 11:30 am.