Most of VA's international sectors are flown by the likes of SQ, EY and so on, so using their low cost base.
VA flies to Au Dhabi on it's own metal. I guess time will tell how well taking people half way and then shifting them onto someone else's metal (that also serves Australia) works. I'm pretty skeptical about using codeshares. If you fly to the 5 mainland capitals then do you really need a domestic airline to provide feed?
Do you know what restrictions SQ has on where VA can fly or were they lifted with the name change?
Ryanair is a funny one. A lot of the routes they fly are to out of the way places that happen to be near big cities. Near is a relative term in Ryan Air talk. Consider that when you fly to "Frankfurt" with Ryan Air you actually land at an airport 120km away with no rail and poor road connections. Why is that important? Because Ryan Air receives big cash incentives to fly to these out of the way airports by the local government. Infact the cash handouts are about the exact same amount as RA's profit. They do similar sort of things with smaller out of the way cities with airports. Local tourist boards etc can pay RA a fee to start flying there and bringing tourists in.
Guess there isn't the capacity to do this sort of thing in AU?
Big drop on the weekly.
Big drop on the daily! Not quite the Qantas what did they do hedge oil at $100?
Virgin Australia has entered a trading halt ahead of an announcement by Air New Zealand about the future status of its shareholding in the Australian airline.
Virgin's largest shareholder said it's considering selling some or all of its stake in the airline, a stake currently valued at around $345 million.
Air NZ will assess other uses for the capital tied up in Virgin Australia, the Kiwi carrier said in a statement. Its chief executive Christopher Luxon resigned from Virgin Australia's board with immediate effect.
HNA will make an equity investment in the Virgin Australia Group . The investment will be made in the form of a n A $159 million placement of shares at an issue price of A $0.30 per share , which represents a premium of 7.1 per cent to the last close on 30 May 2016 . Following the placement, HNA will have a shareholding of approximately 13 per cent in the Virgin
Air New Zealand (NZX: AIR) is pleased to advise that it has entered into a Sale & Purchase Agreement (the Agreement) with Nanshan Group in respect of its stake in Virgin Australia . Under the Agreement, Air New Zealand will sell shares held in Virgin Austra lia at A$0.33 per share . Following the sale , Nanshan Group will have a shareholding of approximately 19.98% in Virgin Australia
Nanshan Group is a large, privately :vader: owned Chinese communist company.
"It is not our plan to take a stake in an airline," Mr Cormann told the ABC. "But let me also say that on the other side of all of this, we are committed to ensuring that through our policy settings and the like that on the other side, that we have two competitive airlines."
Australia’s top aviation asset is not airline operators, but one of the busiest and potentially most lucrative markets for domestic air travel in the world. The five international airlines that own Virgin will get no payday from their Australian investment, after fighting a losing capacity war with Qantas earlier in the decade and making a costly failed assault on Qantas’ premium market.
But any other airline that can get an Australian operating licence could come in and take up the landing slots, the aircraft, the terminals, the people and skills that are still there and service the Australian market under different colours, in a healthier operation.
from the AFRAnd while Qantas has been happy with the status quo of an enfeebled competitor – one reason why it cynically called for a $4 billion package extended to Qantas too – many fresh entrants could give Qantas and Jetstar a run for their money.
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