Virgin Australia’s $852 million capital raising and $152 million share placement with HNA will be enough to cover the airline group’s near-term funding needs, S&P Global Ratings says. The capital raising along with the $159 million share placement with China’s HNA Group brings to $1.011 billion Virgin has raised since it announced a capital structure
Australians will have a new, albeit potentially more circuitous, one-stop option to the US west coast from October when Singapore Airlines (SIA) launches nonstop service between Singapore and San Francisco. The Star Alliance member said on Thursday the 7,339nm route would be served with Airbus A350-900s in its standard configuration of 253 seats comprising 42
The F-35 Lightning II Joint Strike Fighter (JSF) program has been held up as an exemplar of the value of striving to enhance the relationship between Defence and industry. “I believe there is no other program that better demonstrates the value of partnership between Defence and industry to build capability than the F-35 program,” said
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 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
