Virgin Australia’s administrators have released a 7-point pitch, along with a three month sales timeline, as more than ten potential investors express interest in purchasing the embattled airline. Deloitte’s Vaughan Strawbridge, one of Virgin’s administrators appointed following the airline’s entry into voluntary administration earlier this week, has indicated that the recapitalisation process “is about working…
With the confirmation of reports that Virgin Australia is entering voluntary administration earlier this morning, frequent flyers and the Australian public have voiced concern over what lies ahead for the troubled airline. Virgin Australia Holdings Limited, under the strain of around A$5.3 billion in debt and the Australian Government rejecting its requests for $1.4 billion…
QantasLink, the regional subsidiary of Qantas Airways, has opened a new partnership with five Australian universities to enable graduates to transition into a career as a commercial pilot. RMIT University, Griffith University, UNSW, the University of Southern Queensland and Swinburne University of Technology students will now be able to apply for the 12-week transition course at the…
Qatar Airways has bought a 9.61% stake in Cathay Pacific for US $662 million in an attempt for the airline to gain a greater presence in the Asian market. Bloomberg reports that the airline will buy the shares from Hong-Kong based Kingboard Chemical Holdings Ltd. and related companies, making it the first ever investment from a Middle-Eastern…
Australia’s Jetstar Airways has launched a refurbishment program for its A320 fleet, rearranging the configuration of their aircraft to fit an extra row of seats – without reducing legroom. 9NEWS reports that the airline’s renewal strategy has a multi-million dollar value and involves a major reconfiguration of the airplanes. Over a twelve-day period, the cabins are stripped apart…
An Air New Zealand Airbus A320-200 (ZK-OXC) suffered a bird strike as the aircraft took off from Wellington, New Zealand, leading to an abandoned take-off on the flight bound for Auckland. The A320 was performing flight NZ402 with 148 passengers on board when a bird entered the engine at about 6:30am on November 3. Passengers…