Air New Zealand expects to double its earnings in the current financial year and sees significant opportunities to expand it alliance with Virgin Australia, airline officials said today as they unveiled the carrier’s annual financial results. The airline reported a net profit of NZ$71 million (A$55m) for the year ending June 30, down from NZ$81m
A visit by Federal Transport Minister Anthony Albanese has prompted Brisbane Airport to declare its $350 million domestic terminal upgrade officially open — though the largest part of the upgrade opened in January and other parts are still under construction. The upgrade includes a nine story car park billed as the largest in the southern
The first Australian-made part for the first Australian F-35A Joint Strike Fighter is on its way to Texas. Manufactured by Lovitt Technologies in Melbourne, the longeron is part of the structure that attaches the aircraft’s wings to its fuselage. The part will be shipped to Lockheed Martin in Texas and — if all goes according
Melbourne Airport has released plans to build a new elevated flyover meant to relieve traffic congestion while funneling vehicles toward a new multi-purpose transport hub. The plans, which are at the concept stage, mean passenger could no longer be dropped off at the airport’s main entrance and would instead face a longer walk from the
Philippine Airlines has signed a deal with Airbus to buy 54 jetliners as part of a major fleet modernisation and expansion program. The order, which includes 44 single-aisle A321s and 10 widebody A330-300s, will more than double PAL’s current fleet of 39 planes — and airline officials said they were in talks with Airbus and
Virgin Australia has reported an after tax profit of $22.8 million for the last financial year and will continue to press its burgeoning fare war with Qantas by adding more domestic capacity. Virgin’s full-year profits represented a $90.6 million improvement over the previous year and came on a 20 per cent increase in revenue to
