Virgin Australia's upcoming initial public offering (IPO) is "well advanced", chairman Ryan Cotton says, with investors led by US private equity firm Bain Capital set to share an estimated A$730 million structured as a capital reduction rather than a dividend, with Bain taking around 90 per cent and Richard Branson's Virgin Group five per cent.
Pressure is mounting on Australian and USA carriers to copy - or improve on - European Union rules that cover cash compensation for passengers whose flights are delayed or cancelled.
Philippines-based low-cost carrier Cebu Pacific has posted its first quarterly profit since Covid-19, with a January-March 2023 net profit of PHP1.1 billion, a turnaround of PHP8.7 billion from the same period in 2022, when it lost PHP7.6 billion.
Australian leisure startup Bonza says it now has launched 13 routes from the Sunshine Coast airport, with the latest destination Tamworth, Australia's home of country music.
Virgin Australia (VA) and Air Canada (AC) now are offering seamless travel itineraries on a single ticket.
The International Air Transport Association (IATA) reports global passenger traffic 'exhibited strong growth' in March, with industry-wide revenue passenger-kilometres (RPKs) increasing by 52.4 per cent year-on-year (YoY) and reaching 88 per cent of March 2019 levels.
Leasing firm AerDragon Aviation has delivered an A330-900 to Philippines-based budget carrier Cebu Pacific.
Hotel alternative Airbnb is to re-focus on renting out single rooms to travellers.
After blocking the Qantas Airways A$611 million buyout of Alliance Aviation in Australia, because the deal "might push prices up and service quality down", Australia's Competition and Consumer Commission (ACCC) also has refused to reauthorise the agreement between Qantas rival Virgin Australia and Alliance to jointly provide fly-in and fly-out (FIFO) services to their corporate clients. The charter alliance has not delivered on the public benefits expected when it was authorised to conduct these services together in 2017, the regulator said.
Saudi Arabia’s budget carrier flyadeal is set to add routes, planes and, it hopes, passengers.
Virgin Atlantic has resumed daily services between London Heathrow and Shanghai, China from 01 May for both passengers and cargo.
The restart marks the post-Covid return of all Virgin Atlantic routes, with Shanghai the final to be reinstated.
Fares start from GBP432 return per person.
Icelandic low-cost carrier Play says its figures for the first three months of 2023 show revenues were more than three times higher than those generated during the same period in 2022, when it reported EUR9.6 million.
Faced with residents reluctant to travel from its home market, the Japan Association of Travel Agents (JATA) is to run an outbound travel promotion to coincide with its government's downgrade of Covid-19 to the same disease level as influenza.
Virgin Australia's upcoming initial public offering (IPO) is "well advanced", chairman Ryan Cotton says, with investors led by US private equity firm Bain Capital set to share an estimated A$730 million structured as a capital reduction rather than a dividend, with Bain taking around 90 per cent and Richard Branson's Virgin Group five per cent.
Pressure is mounting on Australian and USA carriers to copy - or improve on - European Union rules that cover cash compensation for passengers whose flights are delayed or cancelled.
Philippines-based low-cost carrier Cebu Pacific has posted its first quarterly profit since Covid-19, with a January-March 2023 net profit of PHP1.1 billion, a turnaround of PHP8.7 billion from the same period in 2022, when it lost PHP7.6 billion.
Australian leisure startup Bonza says it now has launched 13 routes from the Sunshine Coast airport, with the latest destination Tamworth, Australia's home of country music.
Virgin Australia (VA) and Air Canada (AC) now are offering seamless travel itineraries on a single ticket.
The International Air Transport Association (IATA) reports global passenger traffic 'exhibited strong growth' in March, with industry-wide revenue passenger-kilometres (RPKs) increasing by 52.4 per cent year-on-year (YoY) and reaching 88 per cent of March 2019 levels.
Leasing firm AerDragon Aviation has delivered an A330-900 to Philippines-based budget carrier Cebu Pacific.
Hotel alternative Airbnb is to re-focus on renting out single rooms to travellers.
After blocking the Qantas Airways A$611 million buyout of Alliance Aviation in Australia, because the deal "might push prices up and service quality down", Australia's Competition and Consumer Commission (ACCC) also has refused to reauthorise the agreement between Qantas rival Virgin Australia and Alliance to jointly provide fly-in and fly-out (FIFO) services to their corporate clients. The charter alliance has not delivered on the public benefits expected when it was authorised to conduct these services together in 2017, the regulator said.
Saudi Arabia’s budget carrier flyadeal is set to add routes, planes and, it hopes, passengers.
Virgin Atlantic has resumed daily services between London Heathrow and Shanghai, China from 01 May for both passengers and cargo.
The restart marks the post-Covid return of all Virgin Atlantic routes, with Shanghai the final to be reinstated.
Fares start from GBP432 return per person.
Icelandic low-cost carrier Play says its figures for the first three months of 2023 show revenues were more than three times higher than those generated during the same period in 2022, when it reported EUR9.6 million.
Faced with residents reluctant to travel from its home market, the Japan Association of Travel Agents (JATA) is to run an outbound travel promotion to coincide with its government's downgrade of Covid-19 to the same disease level as influenza.
