25 November 2022

Qantas will establish a climate fund

Qantas flight attendants threaten strike action after Qantas upgrades profit forecast to AU$2.5 billion

One day after Qantas raised its profit forecast for the second time in six weeks, the largest section of its workforce, flight attendance, have voted almost unanimously to take protected strike action unless a better pay deal is put on the table. No specific dates for such action have yet been set. The escalation of …

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Scoot joins community of 300 IATA members

Scoot, the low-cost subsidiary of Singapore Airlines Group, has attained full International Air Transport Association (IATA) membership. Only airlines that meet IATA’s Operational Safety Audit (IOSA) standards for safety in airline operations are eligible for IATA’s membership. As a member of IATA, Scoot will have opportunities to help drive priorities within the aviation industry and …

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Lilium reports successful closing of US$119 million capital raise

Lilium, developer of the all-electric vertical take-off and landing (eVTOL) Lilium Jet, has announced the successful closing of a US$119 million (£100 million) capital raise from existing shareholders, new investors and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B. Riley Securities and certain affiliates …

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Rex reveals increased profitability on domestic jet operations

In the presentation to shareholders at its Annual General Meeting, Regional Express (Rex) will reveal that its unaudited management accounts for October have reported a profit before tax for the domestic jet operations of about AU$2 million, following the marginal profitability reported for the month of September which was the first time that the jet …

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Goshawk delivers A320 aircraft to Heston Airlines

Dublin-based global aircraft lessor Goshawk has announced the delivery of one A320 aircraft to Heston Airlines. The A320 was successfully delivered to the Lithuanian ACMI operator on November 22. Heston Airlines is an A320- and A330-family fleet operator, with a focus on charter and ACMI markets, offering competitive, flexible solutions to customers during the recovery …

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