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
Boeing says major assembly of the first 787-10 Dreamliner has begun, with circular frames being installed into the midforward section of the fuselage at Kawasaki Heavy Industries in Japan. The company said this latest milestone took place on March 14, two weeks ahead of schedule. “Beginning major assembly early underscores the commitment, discipline and performance
Air New Zealand has opened the doors to a new premium lounge at Brisbane Airport, the latest example of the airline’s investment in the Australian market as it seeks to attract more travellers from this side of the Tasman onto its long-haul services. The facility, which was built in a brand new space at the
Qantas has managed to secure additional slots and squeeze a bit more out of its international fleet to increase its Sydney-Hong Kong service to double-daily from the start of the “northern summer” scheduling season in April. Since October 2015, the Flying Kangaroo has offered 11 flights a week between Sydney and Hong Kong with a
Air New Zealand chief executive Christopher Luxon says the airline’s focus on building sustainability into its everyday activities requires collaboration with other companies, government departments and the backing of its 11,000-strong staff. The airline hosted a breakfast at Wellington’s Te Papa Museum on Wednesday, offered an update on its sustainability efforts six months after launching
