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☆ Bonza Airlines cancels all flights and leaves Australian travelers stranded
▼ + stars: | 2024-04-30 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —Around Australia, travelers are stranded and trying to get home after low-cost airline Bonza unexpectedly announced it has “temporarily suspended services.”The airline, Australia’s newest, had a fleet of six planes, all painted a bright purple color and given Aussie-inspired names like Sheila and Matilda. Catherine King, Australia’s transportation minister, told reporters Tuesday that she had spoken with representatives from Bonza and urged them to keep passengers fully informed. Qantas, Australia’s largest air carrier, services only six of the 36 routes that Bonza has been flying. “We will immediately support any passengers stranded mid-journey by offering complimentary seats on Virgin Australia-operated flights to the airport nearest to their final planned Bonza destination,” the airline wrote on X (formerly Twitter). Currently, the company’s website is still online, but it’s not possible to book flights and all travel dates appear blacked out.

Persons: Bonza, Sheila, Matilda, Tim Jordan, ”, Catherine King, “, ” King, ” Bonza Organizations: CNN, Qantas, Jetstar, Virgin Australia Locations: Australia, Bonza, Launceston, Tasmania, Gladstone, Queensland

☆ Worried about how safe it is to fly? Here’s what the experts have to say
▼ + stars: | 2024-02-10 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +8 min

“I don’t believe that you should be worried,” says Geoffrey Thomas, an aviation safety expert and editor in chief of Airline Ratings, which publishes an annual list of the safest airlines. The list of the world’s safest airlines is topped by Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair and Cathay Pacific. Charly Triballeau/AFP/Getty Images“Aviation is the safest mode of transportation,” says Anthony Brickhouse, a professor of aviation safety at Florida’s Embry-Riddle Aeronautical University. “Unfortunately, with the Japan Airlines accident, we did lose five people on the military aircraft, but everybody made it off of the civilian aircraft. Remote in probabilityDespite concerns, the Boeing 737 has a better safety record than the 747, experts say.

Persons: ”, Geoffrey Thomas, it’s, “, Thomas, Charly Triballeau, Anthony Brickhouse, Florida’s Embry, Brickhouse, Max, we’ve, Willie Walsh, Arnold Barnett, That’s, we’re, ” Barnett, Jason Redmond, Barnett Organizations: CNN, Alaska Airlines, Max, Boeing, “, Airbus, Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair, Cathay Pacific, Getty, Florida’s, Riddle Aeronautical University, US Federal Aviation Administration, National Transportation Safety Board, Japan Airlines Airbus, Tokyo Coast Guard, FAA, Japan Airlines, NTSB, Reuters, Massachusetts Institute of Technology, European Union, United Locations: AFP, Tokyo, Japan, Africa, Latin America, Asia, Australia, Canada, China, Israel, New Zealand, Norway, Switzerland, United Kingdom, United States

☆ Virgin Australia adds Boeing MAX-8 aircraft as demand stays buoyant
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Nov 24 (Reuters) - Airline operator Virgin Australia (IPO-VIR.AX) on Friday said it has added six Boeing MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes to fourteen. Australia's second-biggest carrier returned to a profit for the first time in 11 years in fiscal 2023, buoyed by a strong recovery in travel demand following the COVID-19 pandemic. "Travel demand remains high and we continue to grow and renew our fleet, enabling us to deliver great value and choice in the market," Virgin Australia Chief Strategy and Transformation Officer Alistair Hartley said. The MAX-8 aircrafts will enter the domestic and short-haul international routes including Fiji, Bali and Samoa, the carrier said. Reporting by Adwitiya Srivastava in Bengaluru; Editing by Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Australia's, Alistair Hartley, Adwitiya Srivastava, Mrigank Organizations: Virgin Australia, Boeing, Thomson Locations: Fiji, Bali, Samoa, Bengaluru

☆ Virgin Australia's IPO executive David Marr resigns
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Virgin Australia clocks first profit in 11 years as travel demand recovers
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 10 (Reuters) - Bain Capital-owned Virgin Australia said on Tuesday that the airline returned to a profit for the first time in 11 years for fiscal 2023, buoyed by a strong recovery in travel demand following the COVID-19 pandemic. The carrier reported a statutory net profit after tax of A$129 million ($82.93 million) for the full year ended June 30, 2023, compared with a loss of A$565.5 million in 2022. Virgin Australia now has a considerably stronger balance sheet with continued significant improvement in its cost base, CFO Race Strauss said in a statement on Tuesday. Virgin was upbeat on its capital position, reporting total debt including leases of A$2.3 billion and over A$1 billion of cash on the balance sheet.

Persons: David Gray, Bain, Race Strauss, Strauss, Roushni Nair, Nausheen, Rashmi Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Australian Securities Exchange, Reuters, GQG Partners, Airlines, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Australia's Qantas chairman says shareholders want him despite turmoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX) on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low. "I've had meetings with our major shareholders two weeks ago, and they are very strongly supportive of me staying," Goyder told the hearing. "While I retain the confidence of shareholders and the board, I will continue to serve. But she and Goyder, the Qantas chairman since 2018, denied having any discussions about the Qatari request with any member of the federal government. Qatar Airways' senior vice-president of global sales, Matt Raos, told the hearing the company was "surprised and shocked" its application was denied without a reason given.

Persons: Loren Elliott, Richard Goyder, I've, Goyder, we've, isn't, Vanessa Hudson, Jayne Hrdlicka, Hrdlicka, Matt Raos, Byron Kaye, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights, Qantas Airways, Stock, Qatar Airways, Virgin, Thomson Locations: Sydney, Australia, Virgin Australia, Qatar

Talks between Chevron and the workers' unions broke down last week without a deal, and the industrial action is scheduled to escalate to two weeks of 24-hour stoppages on Thursday. Chevron would have to demonstrate a sustained attempt to negotiate with unions for the tribunal to rule in its favour, he added. Strikes could actually demonstrate workers were so committed to bargaining that they were willing to stop work and forgo wages, she added. "Strike action is a legitimate form of action, workers have the right to do this," she said. Any party involved can contest a FWC ruling and seek judicial review, Charles Power, partner at law firm Holding Redlich said, although a court would not again hear the facts of the case.

Persons: Australia's, Steve Purvinas, Purvinas, Shell, Shae, McCrystal, Charles Power, Redlich, Lewis Jackson, Renju Jose, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, CAN, Virgin Australia, Australian Licensed Aircraft Engineers ’ Association, Virgin, Offshore Alliance, Shell, University of Sydney, Thomson Locations: Wheatstone, Western Australia, Federal, Shell, Woodside, Inpex, Sydney

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.

Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney

☆ Qantas CEO’s exit will barely reduce turbulence
▼ + stars: | 2023-09-05 | by ( Antony Currie | ) www.reuters.com time to read: +5 min

Alan Joyce, Chief Executive Officer of Qantas, speaks in front of a Qantas 747 jumbo jet, before its last departure from the Sydney Airport in Sydney, Australia, as Qantas retires its remaining Boeing 747 planes early due to the coronavirus disease (COVID-19) pandemic, July 22, 2020. In July Canberra rejected Qatar Airways’ request to add 21 flights a week to key Australian cities. Gina Cass-Gottlieb, the watchdog’s chair, is targeting a fine of at least A$250 million ($162 million), she told ABC’s RN radio programme. Qantas customers can now get a cash refund, while credits issued by the group’s budget airline, Jetstar, now last indefinitely. On Aug. 24 Qantas reported record pre-tax earnings for the year to June 30 of A$2.47 billion.

Persons: Alan Joyce, Loren Elliott, Vanessa Hudson, Gina Cass, Gottlieb, Hudson, Richard Goyder, Buckle, Joyce, “, ABC’s, Una Galani, Katrina Hamlin Organizations: Qantas, Sydney Airport, Boeing, REUTERS, Rights, Reuters, Australian Competition, Consumer Commission, Virgin Australia, Regional Express, Qatar Airways, Jetstar, Thomson Locations: Sydney, Australia, Canberra

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. Shares of Estia Health were up 9.9% at A$3.12 as of 0045 GMT, their highest since Sept 2018. Bain Capital did not immediately respond to a Reuters request for comment. In June, the company updated the market on its intentions to back Bain Capital's increased offer of $A3 per share to A$3.20. "If they acquire Estia Health they may be stuck with it in the days ahead."

Persons: Kim Kyung, Estia, Bain Capital's, Gary Weiss, Estia's, Brad Smoling, Smoling, Rishav Chatterjee, Scott Murdoch, Sherry Jacob, Phillips, Stephen Coates Organizations: Bain Capital, REUTERS, Global, Estia, Bain, Virgin Australia, Australia, Health, Thomson Locations: Tokyo, Japan, Sydney, Australia, Bengaluru

☆ Air New Zealand has been ranked the best airline in the world, a study found. See which others made the top 10.
▼ + stars: | 2023-06-03 | by ( Beatrice Nolan | Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

Air New Zealand has been ranked the best airline in the world by AirlineRatings.com. Air New Zealand has been ranked the best airline in the world by AirlineRatings.com, a website for airline safety and product reviews. Air New Zealand was ranked first for best economy class; Qatar Airways took the lead for business class; and Singapore Airlines was ranked the best first-class airline. Air New ZealandSafety: 7/7Product: 7/7Air New Zealand, or Air NZ, is headquartered in Auckland, New Zealand. Korean Air has an average score of 7.8/10 based on 60 AirlineRatings.com reviews.

Persons: Geoffrey Thomas, Taylor Rains, Johannes P, Virgin Atlantic Sir Richard Branson, Steve Parsons, Richard Branson, Emirates Yursi Abu Barak Organizations: Morning, Air New, Qatar Airways, Air, Zealand, Singapore Airlines, Delta, US, Ryanair, New Zealand, Air New Zealand Air, Air New Zealand, Air NZ, . Air NZ, Qatar Airways Qatar Airways, Etihad Airways, Etihad Airways Airbus, Etihad, UAE, Korean Air Korean, Airlines, Korean Air, Christo, Anadolu Agency, Getty Images, SIA, Qantas Qantas, Qantas Media Safety, Qantas, Virgin, Virgin Atlantic Boeing, Heathrow Airport, Virgin Atlantic, Delta Airlines, Cathay Pacific Airways Cathay, Boeing, Cathay, Nikkei, Emirates, Dubai . Emirates, UAE . Emirates Locations: Zealand, Air New Zealand, Europe, Air, Auckland , New Zealand, Doha, Qatar, Al Jazeera, Abu Dhabi, UAE, Seoul, South Korea, Bali , Indonesia, Singapore, Asia, Mascot, Australia, Virgin Australia, Crawley , England, Taoyuan City, Taiwan, East Asia, Cathay Pacific Airways Cathay Pacific, Hong Kong, Nikkei Asia, Dubai ., Emirates, Dubai

☆ World’s best airline for 2023 named by AirlineRatings.com
▼ + stars: | 2023-05-30 | by ( Francesca Street | ) edition.cnn.com time to read: +3 min

Marcos del Mazo/LightRocket/Getty ImagesAfter a couple of years of reduced air travel in the wake of the pandemic, travelers returned to the air in 2022 to significant airline chaos – canceled flights, lost luggage and overstretched staff. And interestingly, while Air New Zealand came out on top for 2023, Thomas said the results were close among the top five. Singapore Airlines took the fifth spot on AirlineRatings.com's 2023 list and also won the Best First Class award. Johannes P. Christo/Anadolu Agency/Getty ImagesAbu Dhabi’s Etihad Airways is number 3 on AirlineRatings.com’s 2023 list. Singapore Airlines, named top in the Best First Class award and the Excellence in Long Haul Travel - Southeast Asia award, took fifth place overall.

Persons: AirlineRatings.com, –, ” Geoffrey Thomas, ” AirlineRatings.com, Marcos del Mazo, Thomas, Johannes P Organizations: CNN, Air, Zealand, CNN Travel, Zealand’s, Qatar Airways, Air New Zealand, Business, Catering, Long, Singapore Airlines, Christo, Anadolu Agency, Abu Dhabi’s Etihad Airways, Korean, North, ” Air, New, Civil Aviation Authority, Auckland International Airport, Etihad Airways, Qantas, Virgin, Cathay Pacific Airways, Emirates, Lufthansa, SAS, TAP, All Nippon Airways, Delta Air, Air Canada, British Airways, Jet, JAL, Vietnam Airlines, Turkish Airlines, KLM, . Alaska Airlines, United Airlines Locations: Australia, North Asia, Asia, Zealand, Auckland, AirlineRatings.com’s, Virgin Australia, Swiss, TAP Portugal

A Virgin Australia spokesperson confirmed the contents of the internal email. A Bain Capital spokesperson declined to comment. "I can also confirm the IPO planning is well advanced," Cotton said in the email to staff seen by Reuters. Virgin Australia Chief Executive Jayne Hrdlicka said on Monday that she would take several weeks of leave to spend time with family after the death of her husband from cancer. Bain Capital bought Virgin Australia in 2020 after it was placed in voluntary administration, the closest Australian equivalent to Chapter 11 bankruptcy.

☆ Virgin Australia IPO planning 'well advanced' - Chairman
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: 1 min

SYDNEY, May 10 (Reuters) - Planning for Virgin Australia's upcoming initial public offering is well advanced, the airline's Chairman Ryan Cotton said on Wednesday in an internal email seen by Reuters. "I can also confirm the IPO planning is well advanced," said Cotton. "While there is still no date set and our ultimate window of opportunity will depend on market conditions, we are hopeful this process will progress over the coming quarters"A Virgin Australia spokesperson confirmed the contents of the internal email. Reporting by Scott Murdoch Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Hudson will be one of the few female executives leading a major company in Australia, although rival carrier Virgin Australia also has a woman as its CEO, Jayne Hrdlicka. "I come with an understanding of this organization that is very deep," Hudson told reporters in her first news conference as CEO designate. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. Though men still account for far more top executive roles in Australian-listed companies, a growing number of high-profile CEO roles are occupied by women, including at the No. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

SYDNEY, May 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), said on Tuesday that long-serving CEO Alan Joyce would step aside in November, and named Vanessa Hudson as its next chief executive officer. * November 2008 - Irish-born Alan Joyce is appointed as Qantas chief executive. * April 2009 - Joyce cuts 1,750 jobs, the first major cull under his leadership, as the airline feels the full impact of the global financial crisis. * October 2016 - Joyce orchestrates a turnaround and delivers record profits and the first dividend to shareholders since 2009. * February 2023 - The airline swings to a record first-half profit on a strong demand recovery and high ticket prices.

SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

☆ Qantas names finance chief Vanessa Hudson as next CEO, becoming first woman to lead the airline
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +1 min

Vanessa Hudson, chief financial officer of Qantas Airways, speaks during a news conference in Sydney on Feb. 23, 2023. Australia's flagship carrier, Qantas , on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson, who joined Qantas 28 years ago, had held several senior roles there, including chief customer officer and senior vice president for the Americas and New Zealand. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note.

☆ Factbox: Virgin Orbit bankruptcy echoes Branson's past troubled ventures
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

April 4 (Reuters) - Richard Branson's Virgin Orbit Holdings (VORB.O) filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure long-term funding following a January rocket failure. VIRGIN AUSTRALIAAustralia's second largest airline filed for bankruptcy in April 2020 also battered by the pandemic before exiting voluntary administration in November that year. VIRGIN ACTIVEThe health club firm, in which Branson is still a shareholder, was forced to restructure in the UK after the pandemic hurt the business. VIRGIN CARSStarted in 2000, the Virgin brand's only foray into the online auto retail business lasted five years. VIRGIN VODKAAfter a high-profile launch in the early 1990s, Virgin Vodka was discontinued and Virgin Drinks closed in 2007.

Australia's second largest airline is in talks with banks including Goldman Sachs (GS.N) and UBS (UBSG.S) about the loan, said the sources, although no decision has been made yet and the size of the debt has not been finalised. The sources did not wish to be identified as the discussions were private. The airline's owner Bain Capital and Goldman Sachs declined to comment. Bain said in January it would explore re-listing Virgin, which it bought for A$3.5 billion ($2.45 billion) including liabilities in 2020 after it was placed in voluntary administration, the closest Australian equivalent to Chapter 11 bankruptcy. It hired Goldman, UBS and Barrenjoey last month as lead managers for the potential initial public offering (IPO).

Regional rival Air New Zealand Ltd (AIR.NZ) also reported a swing to profit in the first half ended Dec. 31 on Thursday, along with a muted outlook. Qantas Chief Executive Alan Joyce said cost of living pressures would hit discretionary spending "at some point" but so far the airline expected robust demand into mid-2024 at least. Qantas said it was facing delays of up to six months in new aircraft deliveries from Airbus SE (AIR.PA) alongside other airlines around the world. The Australian carrier said it would bolster its fleet by acquiring some older Airbus planes and exercising nine options for A220 purchases to help meet travel demand growth. "Outlook for RASK is to reduce, however off what we estimate were elevated levels," said Citi analysts in a client note.

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☆ Bain Capital Considers Virgin Australia IPO as Travel Demand Rebounds
▼ + stars: | 2023-01-16 | by ( Rhiannon Hoyle | ) www.wsj.com time to read: 1 min

ADELAIDE, Australia—Bain Capital is considering an initial public offering of Australia’s second-largest airline in what would be a new test of investor appetite for carriers in a turbulent postpandemic recovery. On Monday, Bain Capital said as a first step, it will soon ask advisers about the best timing, structure and metrics for relisting Virgin Australia on the Australian Securities Exchange .

SYDNEY, Jan 16 (Reuters) - Bain Capital said on Monday it is looking to relist Virgin Australia - a move that comes as the domestic aviation market bounces back strongly from its pandemic lows. "In the coming months we will consider how to best position Virgin Australia for continued growth and long term prosperity," Mike Murphy, a Sydney-based partner at the U.S. private equity firm said in a statement. "It is Bain Capital’s current intention to retain a significant shareholding in a future IPO of Virgin Australia." Bain bought Virgin Australia for A$3.5 billion ($2.45 billion) including liabilities in 2020 after the airline was placed in voluntary administration. There were just $614.2 million worth of IPOs in Australia in 2022, down nearly 93% from $8.4 billion a year earlier, according to Refinitiv data.

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