Virgin Australia

Air New Zealand and Virgin Australia Team Up for Locally Produced Biofuel Project

Air New Zealand and Virgin Australia Team Up for Locally Produced Biofuel Projec

Air New Zealand and Virgin Australia are teaming up to explore options for locally produced biofuel that can fly their planes in a more environment friendly manner.

They have issued a "request for information" to the market to explore the prospects of locally-producing aviation biofuel.

Environment friendly fuel is a focus in many countries and according to Air New Zealand's chief flight operations and safety officer, Captain David Morgan; this move is a part of the carbon management program initiated by the airline.

Virgin Australia Expects to Move to Profitability in Fiscal 2016

Virgin Australia Expects to Move to Profitability in Fiscal 2016There may be some good news for the Virgin Australia Holdings Ltd's share holders as in its first half earnings report, the air

Air NZ dismiss speculations about taking Virgin private

Air NZ dismiss speculations about taking Virgin privateLending a deaf ear to the recent speculations Air New Zealand says it has no intention of taking Virgin Australia private. Air New Zealand chief executive Christopher Luxon said it was important that Virgin remain independent as a listed entity.

Air New Zealand Gets Green Signal for Increasing its Stake in Virgin Australia

Air New Zealand Gets Green Signal for Increasing its Stake in Virgin AustraliaThe Australian Competition and Consumer Commission have permitted Air New Zealand to increase its stake in Virgin Australia to 25%.

Virgin Australia is second biggest airline in Australia. At present, Air New Zealand's stake in this airline is 19%. After lifting the stake by 6% the company will have a total of 25.9% stake in Virgin Australia.