Virgin Australia chief executive John Borghetti says low fares may not be enough to stimulate travel as persistently soft demand due to worries about the economy and overseas turmoil dampen consumer confidence and keep people from travelling. While Virgin’s domestic operations managed a big lift in financial performance in 2015/16, with underlying earnings before interest and tax
Virgin Australia says it has reached its target of securing 30 per cent of its domestic revenue from the corporate and government travel sector. The airline said in its full year results presentation released on Friday that its domestic flying managed to grow its share of that high-yielding part of the market in 2015/16, with
Former Chief of Air Force Geoff Brown has been appointed to the Lockheed Martin Australia board. “Geoff Brown is known for his comprehensive understanding of the complexities and challenges facing not only the RAAF, but the Australian Defence Force, as we move into the world of fifth generation capabilities, and we are delighted that he
Bell Helicopter is pitching its AH-1Z Viper attack and UH-1Y Venom utility helicopters to meet ADF requirements outlined in the recent Defence White Paper. February’s Defence White Paper and its accompanying Integrated Investment Program (IIP) detailed the planned early retirement and replacement of Army’s Tiger Armed Reconnaissance Helicopter (ARH) from the mid-2020s plus plans to acquire “deployable
Airservices says there are about 1,000 Instrument Flight Rules (IFR) aircraft yet to install Automatic Dependent Surveillance Broadcast (ADS-B) technology as the clock ticks down for compliance with the federal government’s mandate. The current mandates require all flights operating under instrument flight rules (IFR) to have ADS-B, which is a satellite-based technology enabling aircraft to
Jetstar group chief executive Jayne Hrdlicka says the the low-cost carrier’s New Zealand turboprop operations have not only boosted that country’s regional communities, it has also benefitted the national carrier Air New Zealand. In December 2015, the Qantas-owned carrier established a fleet of five Dash 8 Q300 turboprops to serve regional New Zealand, with the
