Proving where there is smoke there is fire, Qantas CEO Alan Joyce today announced his airline was withdrawing its sponsorship of Tourism Australia, citing a conflict of interest where Tourism Australia chairman – and former Qantas CEO – Geoff Dixon is involved in a new takeover bid for the airline. “Many of you have been
Regional Express Holdings (REX) has downgraded its profit guidance for the current financial year to between 25 and 35 per cent lower than its 2011/12 $35.1 million profit before tax. Its previous guidance was between 15 and 25 per cent lower. REX chief operating officer Garry Filmer said: “As foreshadowed in our earlier warnings, the
The federal government has moved Australia closer to international legislative practice by increasing the payout available to air accident victims to $725,000. The $225,000 increase under the aviation legislation amendment (liability and insurance) bill 2012 aims to provide “adequate compensation” to claimants and is said to make access to compensation easier. Minister for infrastructure and
The largest business jet order in Bombardier’s history has been placed by executive jet operator VistaJet in a deal worth a potential U$7.8 billion. The order includes up to 142 Global business jets comprising a firm commitment to 56 aircraft and options for a further 86. Twenty-five Global 5000s and 25 Global 6000s will be
Embraer’s new midsize Legacy 500 business jet has made its maiden flight. The aircraft is the first in its class to incorporate fly-by-wire technology and full height cabin. The fourth in what the manufacturer calls a clean-sheet design, the Legacy 500 boasts a range of 3,000nm, a cruise speed of Mach .82 and maximum operating
http://youtu.be/q2LSmpqAZ74 Chinese media has shown footage of the J-15 fighter successfully landing on and taking off from the nation’s first aircraft carrier, the Liaoning. “Capabilities of the carrier platform and the J-15 have been tested, meeting all requirements and achieving good compatibility,” the Xinhua News Agency reported on Sunday. The J-15, evidentally based on the
