Singapore Airlines (SIA) says it faces difficult times ahead as competition from regional rivals and a glut of extra seats in key markets puts downwards pressure on yields and offsets the benefit of lower fuel prices. While the Virgin Australia shareholder and alliance partner reported a big lift in profitability for the three months to
Lockheed Martin hands over RAN’s final Romeo
Lockheed Martin handed over the 24th and final MH-60R Seahawk for the Royal Australian Navy on July 27. Seahawk ‘Romeo’ N48-024 was delivered to the US Navy, which is managing the Foreign Military Sales (FMS) acquisition for the RAN, during an official ceremony at Lockheed Martin’s Owego, New York facility attended by officials from the Naval Air Systems Command
Restructuring charges push Virgin Australia to $224 million 2015/16 full year loss
One-off charges thanks to cost-cutting and fleet-reduction efforts have pushed Virgin Australia to a $224.7 million statutory loss for 2015/16. While the airline group’s financial performance for the 12 months to June 30 2016 was down from the statutory loss of $93.8 million in the prior year, the result includes between $410 million and $450 million in
Cobham Aviation Services has won a 12-month contract to fly Doray Minerals’ fly-in/fly-out workers to the gold miner’s Andy Well site in Western Australia. The contract was due to start in early August and covered two flights a week with 81-seat BAe 146-200 jets, Cobham said in a statement on Thursday. Cobham Aviation Services chief
Training company Aviation Australia and air navigation services provider Airways New Zealand have formed a joint-venture to train new air traffic controllers. The pair will open a new facility at Aviation Australia’s Brisbane training campus featuring total control radar and aerodrome simulators that will cater for international students, with Airways New Zealand to run ab-initio air
Etihad Airways has confirmed it will take up its full entitlements in Virgin Australia’s capital raising. As a result, the Abu Dhabi-based carrier will maintain its shareholding in Virgin at 21.83 per cent and keep its seat on the board. “The Etihad Aviation Group board has endorsed a proposal to take up its pro-rata entitlement
