Virgin Australia plans to raise $852 million in fresh capital through a share offer to existing shareholders and shed aircraft as part of efforts to improve its balance sheet. The company announced the two initiatives on Wednesday, after concluding its capital structure review. Under the share offer, existing shareholders can purchase one new share for
Canada is studying acquiring Boeing F/A-18E/F Super Hornets as an interim partial replacement for the country’s ageing CF-18A/B ‘classic’ Hornets. The Ottawa Citizen newspaper reported in early June that the new Canadian government is considering acquiring Super Hornets to cover a looming capability gap to partially replace the Royal Canadian Air Force’s 77 CF-18s and
Qantas completes $500 million share buyback, eyes further shareholder returns
Qantas is looking ahead to potentially returning further capital to shareholders after concluding a $500 million share buyback. In a regulatory filing to the Australian Securities Exchange on Tuesday, Qantas said its $500 million share buy back program bought back 143.6 million shares for a weighted average price of $3.4819 per share since the program began
Peter Lloyd receives nation’s highest civil honour
Safeskies Australia president emeritus George Alfred “Peter” Lloyd has been honoured in the Queen’s Birthday awards with admission to the Companion of the Order of Australia (AC), the nation’s highest civil honour. Lloyd was recognised “for eminent service to the aviation industry, particularly to the advancement of air safety in Australia, through leading roles with
Black Hawk accident remembered 20 years on
Commemorative services were held at the Black Hawk Memorial in the Townsville Palmetum as well as in Canberra, Sydney and at Campbell Barracks, Perth on June 12 to mark the 20th anniversary of Army’s worst peacetime aviation disaster. On the evening of June 12 1996, a flight of six S-70A-9 Black Hawks from Army’s 5 Aviation
Lockheed Martin, DSTG demonstrate radar technology
Working in partnership with the Defence Science and Technology Group (DSTG), Lockheed Martin has announced the successful completion of the first phase of the research-and-development initiative known as Project Coorong, which is focused on the development of over-the-horizon radar capability, including the ability to track fast and small targets at night. Lockheed Martin and DSTG
