Two pieces of wreckage that could be from missing Malaysia Airlines flight MH370 have been treated and are being analysed at Canberra’s Geoscience Australia facility, while a third piece of potential wreckage may be on the way shortly, the Australian Transport Safety Bureau (ATSB) says. The ATSB said in an operational update on Wednesday two
Moody’s says Virgin Australia’s improvement in earnings amid low fuel prices and its move to capture more high-yielding corporate and business travellers has been below expectations. The ratings agency’s view was published in a statement on Tuesday evening, following Virgin’s announcement on Monday it was reviewing its capital structure and had secured a $A425 million,
Air New Zealand plans to boost capacity between Perth and Christchurch when it uses the 787-9 Dreamliner on the seasonal route from December. Previously, Air NZ’s Perth-Christchurch flights, which operate during the summer months, have been flown with 230-seat Boeing 767-300ERs comprising 24 in business and 206 in economy. However, the airline said on Tuesday
There was an across the board improvement in punctuality among Australia’s domestic carriers in February, with on-time performance at near record levels. Overall, 90.3 per cent of the nation’s domestic services – or more than nine in 10 flights – either departed or arrived on time in February, the Bureau of Infrastructure, Transport and Regional
ANALYSIS: Remember when, back in November 2013, Qantas set up an online petition calling for Australians to voice their opposition to Virgin Australia’s proposed $350 million capital raising, called Fairgo4Qantas? At the time, Qantas expressed fears that the rights issue, which was backed by Virgin’s three major airline shareholders Air New Zealand, Etihad Airways and Singapore Airlines
Virgin Australia has tapped its four major shareholders for a $A425 million loan facility as part of a fresh review of its balance sheet. The 12-month, $A425 million loan facility with Air New Zealand, Etihad Airways, Singapore Airlines (SIA) and Sir Richard Branson’s UK-based Virgin Group would provide the company with “additional flexibility in the
