Air New Zealand sells off remaining Virgin Australia stake
Air New Zealand is no longer a Virgin Australia shareholder after disposing of its remaining 2.5 per cent stake for A$65.7 million. On Wednesday, the company said in its monthly investor update for October the shares were sold in “off market transactions with investors, including Nanshan Group”. Indeed, a notice to the Australian Securities Exchange
Qantas heading back to Beijing
Qantas is boosting its presence in China with a resumption of Sydney-Beijing nonstop flights from late January 2017. The daily flight will be operated with Airbus A330-200s and marks a return to the Chinese capital for the first time since Qantas withdrew from the route in 2009. It also comes ahead of Virgin Australia’s daily
Cathay issues profit warning and warns of grim times ahead
Cathay Pacific has launched a “critical review” and issued a profit downgrade as weak demand and intense competition from rivals eats into revenues and pushed down yields. The company said in a statement to the Hong Kong stock exchange on Wednesday night the outlook had deteriorated since its August 17 results announcement, when Cathay said
Singapore Airlines’ Capital Express goes green
Singapore Airlines’ (SIA) new service to Canberra and Wellington has joined a growing number of flights in the Asia Pacific region operating as “green routes” featuring more efficient operations on the ground and in the air. Airservices said on Thursday these measures, outlined by the Asia and Pacific Initiative to Reduce Emissions (ASPIRE), helped reduce
Shane Carmody starts as acting CASA chief executive
Senior public servant Shane Carmody has taken his seat as acting chief executive of Australia’s Civil Aviation Safety Authority (CASA). Minister for Infrastructure and Transport Darren Chester said Carmody, whose most recent position was as Deputy Secretary at the Department of Infrastructure and Regional Development, would be in the role for up to 12 months or
Virgin Australia board support Chinese shareholders nominate directors for airline’s board
Virgin Australia’s two new Chinese shareholders have nominated their representatives for the airline group’s board. Shareholders will vote on the election of the new directors at Virgin’s annual general meeting in Brisbane on November 16. HNA has nominated Nang Qi, currently chief innovation officer at the company’s HNA Innovation Group subsidiary, as its representative on
