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,
First of class flight trials of the Army’s Tiger Armed Reconnaissance Helicopter from the Navy’s LHD amphibious assault ships is planned for the first quarter of 2017, the Department of Defence has confirmed. “First of class flight trials is planned to be conducted in the first quarter of 2017. Results from this activity and the deck handling
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
Sunshine Coast Airport’s proposed new runway will allow the fast-growing airport to open new markets and ease operational constraints on existing airlines flying to the Queensland tourist destination, the local council and tourism body says. The new runway at the council-owned airport is the centrepiece of a $347 million expansion project which is still waiting
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
A firepower demonstration conducted at Puckapunyal on Friday as part of the RAAF’s Exercise Jericho Dawn series has successfully validated the use of Northrop Grumman’s ‘airborne gateway’ technology, carried on a Gulfstream II demonstrator aircraft, to allow data to be shared between various ADF platforms including F/A-18F Super Hornets, Tiger ARH helicopters and the Wedgetail
