Qantas CEO Alan Joyce has rejected as a conspiracy and a “ludicrous suggestion” claims that Qantas was subsidising Jetstar to make its low cost carrier’s profit figures look good at the expense of its mainline operations. In parliament last night independent Senator Nick Xenophon said the airline’s assertion its international operations were losing money needed
Qantas Group has posted a 46 per cent lift in underlying profit before tax (PBT) for the 2010-11 financial year to $552 million, on an eight per cent rise in revenue to $14.9 billion, thanks to solid results from its frequent flyer, Qantas mainline and Jetstar businesses. Qantas CEO Alan Joyce said the result was
Virgin Australia’s long haul pilots and cabin crew have voted overwhelmingly in favour of their respective Enterprise Bargaining Agreements (EBAs), after reaching a decision on the matter last night. Eighty-five per cent of pilots and 93 per cent of cabin crew supported the new EBAs, with the Australian Federation of Air Pilots (AFAP) pleased with
The Productivity Commission has released its draft report into the economic regulation of airport services, recommending that the ACCC be given more regulatory powers over airport price structures. While categorising airport aeronautical charges as “generally satisfactory”, presiding commissioner Wendy Craik said the report held concerns over a ‘take it or leave it’ approach made by
Eighteen of the 20 F-35 JSF aircraft currently flying were authorised to return to flight last week following a two and a half week grounding. The F-35 fleet was grounded on August 4 following the failure of an Integrated Power Pack (IPP) on development aircraft AF-4 at Edwards AFB. The JSF Program Office says a
Airservices Australia has announced the signing of a new, 10 year contract with AeroPearl Pty Ltd to continue operating its Flight Inspection Service (FIS), in a deal worth over $100 million. Under the new contract, which takes effect from January 1 2013, Brisbane based AeroPearl will operate two new Beechcraft King Air B350s, replacing its
