The World of Aviation

Virgin Australia has reported an after tax profit of $22.8 million for the last financial year and will continue to press its burgeoning fare war with Qantas by adding more domestic capacity. Virgin’s full-year profits represented a $90.6 million improvement over the previous year and came on a 20 per cent increase in revenue to

Boeing says the Asia Pacific region will need to train hundreds of thousands of new pilots and maintainers over the next 20 years to meet the meet the demands of airline fleet modernisation and the growth of air travel. The company’s Pilot & Technician Outlook is the latest study to raise concerns about a shortfall

Singapore Airlines’ ‘SilverKris’ lounge at Sydney Airport will receive a makeover as the first step in a $15 million upgrade of the carrier’s worldwide airport lounges. The update comes as SIA seeks to keep ahead of growing competition from airlines based in the Middle East and elsewhere in Asia. The carrier has not released details

The federal government’s Future Fund will pay $2 billion to take over a collection of infrastructure assets that includes stakes in a number of Australian airports. The $77 billion investment fund, set up to help cover the cost of public sector pensions, will buy out the assets of the Australian Infrastructure Fund (AIX), which includes

Sydney Airport has reported revenue and passenger growth over the first half of 2012 thanks to a trickle of new international services. Revenue for the six months ending in June rose 6.6 per cent to $503.6 million while passenger traffic ticked up 1.6 per cent to 17.7 million, the airport said. Sydney Airport Ltd, which

The Australian Aviation Hall of Fame will induct an inaugural class of nine aviators at its first annual gala dinner in Wagga Wagga on September 15. The inductees include box kite pioneer Lawrence Hargrave, Bert Hinkler, Lores Bonney, Sir Charles Kingsford Smith, Sir Ross and Sir Keith Macpherson Smith, Reginald and John Duigan, Sir Norman