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Virgin Australia disappears from view after Bain Capital acquisition

By |2021-01-18T15:45:29+10:00January 11th, 2021|Aviation, Daily News|

Update 18.1.21: Virgin eyes 'former glory after major c-suite appointments Challenging times for Virgin Australia and its new owners, Bain Capital, which paid $3.5 billion for the broke and battling airline several months ago, but has given the carrier no voice or profile during Australia's peak summer holiday season.  All More ...

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Airline bookings surge on domestic border openings as confidence returns

By |2020-12-03T09:34:37+10:00December 3rd, 2020|Aviation, Daily News|

Qantas Group CEO Alan Joyce says more than 200,000 airfares were sold on Jetstar and Qantas flights to Queensland in the first three days after the border openings with Sydney and Victoria were announced last week. "We're also seeing people booking several months in advance, which reflects more confidence than More ...

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Queensland border opens to NSW and Victoria, but for how long?

By |2020-11-25T15:03:12+10:00November 25th, 2020|Aviation, Daily News|

It's great to hear the Queensland Government will be reopening its border to people from Sydney and Victoria starting December 1. The decision will not only reunite families but also provide much needed income for the state's tourism businesses, ravaged by the strict border bans. Qantas and Jetstar have already More ...

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Qantas today celebrates 100 years in midst of 100 year crisis

By |2020-11-16T16:49:58+10:00November 16th, 2020|Aviation, Daily News|

Qantas, Australia's national carrier and the oldest continuously operating airline in the world,  today celebrates 100 years of operation at a time described by CEO Alan Joyce as the most challenging in its history due to the impact of COVID-19 on travel. Queensland and Northern Territory Aerial Services (QANTAS) was More ...

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Boom! NSW opens Vic border, Qantas, Jetstar launch 250 flights a week

By |2020-11-05T09:57:49+10:00November 5th, 2020|Aviation, Daily News|

Borders open, flights start, tourism gets going again. Simple. Qantas and Jetstar today announced they'll operate more than 250 flights (48,000 seats) across five routes between NSW  and Victoria from November 23, the date the border between the states reopens after months of closure due to Victoria's Coronvirus crisis.   More ...

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Qantas targets $15 billion in cost savings over next three years

By |2020-10-26T10:45:54+10:00October 26th, 2020|Aviation, Daily News|

Qantas CEO Alan Joyce expects the airline group to cut $15 billion from its operating costs over the next three years, mostly through reduced flying with just $1 billion coming from cost cutting. So far Qantas has made at least 8500 staff redundant with the majority of remaining employees stood More ...

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Scurrah out, Hrdlicka in: Virgin to become ‘hybrid’ carrier with LCC leanings

By |2020-10-15T13:21:57+10:00October 15th, 2020|Aviation, Daily News|

Jayne Hrdlicka will become CEO of the Virgin Australia Group after the incumbent Paul Scurrah confirmed he would be leaving the business when new owner Bain Capital takes control in early November. Today's Australian Stock Exchange announcement followed intense speculation yesterday that Bain Capital wanted Scurrah out as it repositions More ...

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It’s terminal, Tigerair Australia shut down for good by Virgin Australia

By |2020-09-11T08:12:08+10:00September 11th, 2020|Aviation, Daily News|

Virgin Australia (VAH) has finally killed off its low-cost carrier Tigerair Australia, according to multiple media reports. The carrier, which has been grounded since late April, was originally going to be mothballed by VAH and resurrected when travel recovered post-COVID . But in a customer email obtained by Yahoo Finance, More ...

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Qantas $2.7 billion loss due to “near total collapse of travel demand”

By |2020-08-20T14:28:05+10:00August 20th, 2020|Aviation, Daily News|

Qantas Group today reported a statutory loss of $2.7 billion for the year to June 30 - the "most challenging period" in the airline's 100 year history. The massive loss is entirely due to the impact of COVID-19. Until the virus hit, Qantas was doing well, posting a $771 million More ...

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Emirates Australia cuts local workforce by 40 per cent

By |2020-08-17T09:47:12+10:00August 12th, 2020|Aviation, Daily News|

Emirates Australia has cut 40% of its local workforce - making up to 50 staff redundant at the end of July, Travel Trends can exclusively reveal. The redundancies - part of a global cull by the carrier - have impacted employees in support, finance, human resources, airports and commercial. The More ...

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Sydney Airport to raise $2bn as business struggles with COVID

By |2020-08-12T16:26:13+10:00August 12th, 2020|Aviation, Daily News|

Sydney Airport is raising $2 billion to pay down debt and increase liquidity during the toughest period in its history. The company revealed that passenger numbers during the second quarter were down 96.6% over the previous corresponding period, contributing to a $53.5 million loss for the half year to June More ...

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Virgin ditches Tigerair Australia, cuts workforce, opts for Boeing 737 fleet

By |2020-08-05T15:50:35+10:00August 5th, 2020|Aviation, Daily News|

Virgin Australia will, under the pending ownership of Bain Capital, cut its workforce from 9000 to 6000, eliminate low cost carrier Tigerair Australia, move to an all-Boeing 737 mainline fleet and shift to a new technology platform, CEO Paul Scurrah announced today. Scurrah said the failed airline, currently in administration, More ...

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