Virgin Australia has announced that it intends to raise about $350 million through an entitlement offer to improve its liquidity position. Shareholders will be able to purchase five new shares for every existing 14 company shares held on November 19. The airline’s major shareholders and strategic partners support the entitlement offer and will be taking
The Singapore Airlines Group increased its profit more than 24 per cent during the second quarter of the current financial year, earning an operating profit of S$87 million, an increase of $17 million. Revenue grew S$107 million (+2.8 per cent) to S$3,901 million on the back of five per cent growth in passenger carriage. The
The Melbourne Storm Rugby League Club has signed a two-year deal with Tigerair, with the low-cost airline to become the club’s official airline partner. Storm and Tigerair first partnered for the final rounds of the 2013 season with the deal now increased to include the 2014 and 2015 seasons. The partnership will deliver a wide range
Jetstar has operated its inaugural 787 revenue flight, with its first 787-8, VH-VKA, operating flight JQ432 between Melbourne and the Gold Coast on Wednesday. More than 250 passengers including Jetstar CEO Jane Hrdlicka and representatives from Boeing and General Electric were aboard the flight, which departed a wet Melbourne Airport at just after 11am and
Citing weak demand and uneconomic operations caused by payload limitations, Aerolineas Argentinas will cease servicing the Buenos Aires-Sydney route from April. The move gives the remaining carriers in the South America run – oneworld alliance partners Qantas and LAN – an opportunity to consolidate their positions in the market. The withdrawal of Aerolineas Argentinas’ A340-200s
The latest aircraft in Qantas’s Indigenous Flying Art series has arrived in Sydney. The 737-800’s livery, inspired by the work of late West Australian Aboriginal painter Paddy Bedford and named Mendoowoorrji, is the fourth aircraft in Qantas’ flying art series, all of which have been in partnership with Australian designers Balarinji. The artwork on the
