This Month
Virgin float has Bain in line for $15.9m advisory golden parachute
It will be a nervous wait for the private equity giant’s dealmakers as years of planning come to a head this week with the airline’s return to the ASX.
Macquarie Asset Management buys back into UK airports
Macquarie, one of the world’s largest private infrastructure investors by assets under management, has bought into the Bristol, Birmingham and London City Airports.
Rex limbo to drag on as EY fails to find airline a new owner
The Albanese government said administrators of the collapsed regional carrier would ask the Federal Court to extend the timeline until the end of the year.
Virgin Australia IPO too expensive and opportunistic: Morningstar
The first broker note circulated before the airline’s return to the ASX argues Australia’s travel market won’t be a duopoly forever.
Queensland brothers join private equity bid for campervan group THL
Private equity group BGH Capital and the Trouchet family have teamed up to lob a $471m bid for ailing campervan operator Tourism Holdings.
Car dealers face $2b hit from tougher fuel efficiency standards
The surging popularity of hybrid cars is a dilemma for manufacturers and dealers as they grapple with the government’s stricter fuel standards regime.
Air India crash unlikely a systemic Dreamliner problem: experts
Qantas is closely monitoring implications of the devastating Air India crash, but experts say it is unlikely to signal broader safety issues.
2025 is now the deadliest for air travel in years
The crash of Air India Flight 171 has turned 2025 into one of the most fatal years in the past decade for civil aviation.
Air New Zealand throws down gauntlet to Qantas on US business travel
The airline says it will increase the number of seats to North America significantly and expects its new premium cabins to draw customers from its major rival.
Virgin Australia resumes long-haul flying on Qatar Airways
The first of Virgin’s long-haul flights, using Qatar Airways planes, pilots and crews, is set for take off from Sydney today.
Plug-in ute a game changer for BYD in Australia, says top exec
The new chief operating officer in Australia for the fast-growing Chinese brand says having the BYD Shark ute in the line-up has given extra credibility.
Sydney airport rift deepens as west declares 24-7 gives an edge
Western Sydney International Airport terminal opened Wednesday with plans from its chief executive to own the night in tussle with Sydney airport.
Buyout fund lobs bid for collapsed airline Rex
Bids for the carrier, better known as Rex, were collected last week with local and international buyers canvassed by investment bank Houlihan Lokey.
Qantas ends Joyce’s Asian folly as Hudson narrows focus
By shutting Jetstar Asia, Qantas chief executive Vanessa Hudson is showing investors that she too will home in on the markets that deliver the biggest returns.
Qantas to close Jetstar Asia and move planes to domestic routes
The changes will not affect Qantas’ domestic budget carrier Jetstar, and come amid the airline’s $15 billion fleet overhaul.
Rex bidder plans to return airline to ASX, relocate it to Canberra
But the proposal from Renaissance Infrastructure has been met with a lukewarm reception from administrators and the government, who believe it is too complex.
First look inside Sydney’s soon-to-open new airport
Western Sydney International is getting ready for take-off, opening its dramatic terminal building to the public on Wednesday.
Virgin chief Dave Emerson in line for $10m windfall after ASX float
The airline’s prospectus also outlines the big payments each of the other executives are expecting if the company’s share price remains above the IPO price.
From stopping thieves in the GFC to running a $1b company, via The Star
Scott Wharton had an uneasy stint as CEO of The Star Sydney, but it was nothing compared with trying to stop office break-ins during the Lehman Bros collapse.
Dave Emerson emerges from consultancy-land for Virgin’s ASX redux
He’s “fair” and seems “nice enough”. Flight Centre’s Graham Turner reckons he’d “class him as an introvert”. But the former Bain consultant is about to go big.
Jayne Hrdlicka and Virgin staff’s $180m payday
The former CEO stands to make life-changing money in the airline’s IPO. How much?
Virgin Australia prepares for life on the ASX with big spending plans
The airline is set to return to the boards on June 24 following a five-year absence, after owner Bain Capital decided to proceed with a $2.90 per share float.
The company behind this $24,000 SUV just had its best month
Chinese carmakers accounted for four of the top-selling 15 brands in Australia in May, as more people become less worried about where their vehicles are built.
The not-so-secret key to Virgin’s IPO? Qantas
Conditions are perfect for the listing with Qantas shares surging, oil prices down and domestic demand as strong as ever. But are we near the top of the cycle?
May
Web Travel bookings surge defies industry slowdown
The hotel aggregator is still seeing strong demand, even in the difficult US market, helping its shares to rise sharply.