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Virgin secures traffic rights for Hong Kong, Beijing
/ | 13 Comments on Virgin secures traffic rights for Hong Kong, BeijingVirgin Australia has secured the necessary traffic rights to mount flights to Beijing and Hong Kong from June 1 2017. The International Air Services Commission (IASC) has approved the Australian carrier’s request for 1,925 seats a week of capacity to China and seven flights a week to Hong Kong. The determination, published on June 17,
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Business class airfares higher in June
/Domestic business class fares have risen to their highest level in more than four years, while best discount economy fares were softer in June, new figures show. The Bureau of Infrastructure, Transport and Regional Economics (BITRE) monthly report on domestic ticket prices showed the index measuring business class airfares rose to 95.8 points in June,
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First Airbus A400M for Spanish air force emerges from paintshop
/ | 18 Comments on First Airbus A400M for Spanish air force emerges from paintshopThe first Airbus A400M military airlifter for the Spanish air force has emerged from the paintshop at the manufacturer’s final assembly line in Seville, Spain. Airbus Defence and Space said the aircraft, MSN44, would now undergo ground tests ahead of its planned first flight in mid-July. Spain has ordered 14 A400Ms.
Read moreHarvey named as NSW Defence Advocate
/ | 1 Comment on Harvey named as NSW Defence AdvocateRetired RAAF Air Marshal John Harvey has been appointed as an advocate for the defence industry in New South Wales. As the NSW Defence Advocate, he will assist local industry by ensuring that the full range of research, innovation and education capabilities in the state can been called on in support of the 2016 Defence
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Hawaiian says Australian market softer
/ | 2 Comments on Hawaiian says Australian market softerHawaiian Airlines chief executive Mark Dunkerley says the Australia-Hawaii market has not experienced the same level of extreme discounting on flights between this country and the US mainland. The trans-Pacific market has been particularly active in recent times, with the arrival in late 2015 of American Airlines to Sydney, Qantas’s resumption of San Francisco services
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S&P says Virgin capital raising should cover airline’s “near term funding requirements”
/ | 9 Comments on S&P says Virgin capital raising should cover airline’s “near term funding requirements”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
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