Company Overview and News

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HNA explores sale of newly acquired CWT logistics unit — sources

2018-09-19 theedgemarkets
HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion deal, several people familiar with the matter told Reuters.
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Tigerair Australia to shift maintenance after problems with Philippine check -source

2018-09-14 reuters
SINGAPORE, Sept 14 (Reuters) - Tigerair Australia, the budget arm of Virgin Australia Holdings Ltd, plans to move its heavy maintenance work from the Philippines after it was forced to ground a jet for three weeks for repairs upon return from a regular check, a source said.
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Virgin Australia strategy, CEO search complicated by airline investors

2018-09-05 reuters
SINGAPORE (Reuters) - Under CEO John Borghetti, Virgin Australia Holdings Ltd (VAH.AX) transformed from a budget airline into a serious rival to Qantas Airways Ltd (QAN.AX) with the backing of strategic investors including Singapore Airlines Ltd and China’s HNA Group.
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Boeing Welcomes Virgin Australia as Newest 737 MAX 10 Customer

2018-08-29 asdnews
SEATTLE, Aug. 29, 2018 /PRNewswire/ -- Boeing [NYSE:BA] and the Virgin Australia Group [ASX:VAH] announced the airline is adding the largest and most efficient member of the 737 MAX family to its growing single-aisle fleet. The carrier has converted ten orders for the 737 MAX 8 for the larger MAX 10 variant.
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UPDATE 2-Virgin Australia swings to annual underlying profit, forward bookings strong

2018-08-29 reuters
Aug 29 (Reuters) - Virgin Australia Holdings reported a return to an annual underlying profit on Wednesday, boosted by its domestic business, and said strong momentum in forward bookings was expected to lead to a profitable current half.
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Virgin Australia records annual profit but flags higher fuel costs

2018-08-29 theedgemarkets
(Aug 29): Virgin Australia Holdings on Wednesday swung to an annual underlying profit, boosted by rising domestic demand, although the figure came in below market expectations.
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China's HNA group chairman Wang Jian dies from 15 metre fall while posing for photo in France

2018-07-04 abc.net.au
The co-chairman of HNA Group, a conglomerate that operates China's fourth-largest airline and finance, logistics and other businesses around the world, died in an accident while on a business trip in France, the company said.
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RPT-Airlines take aim at Australia's airport privatisation model

2018-06-04 reuters - 1
SYDNEY, June 4 (Reuters) - As more countries look to privatise airports two conflicting narratives have taken wing: airlines point to Australia’s big city airports as a cautionary tale of light regulation, while airports say they’ve found a winning formula for governments, investors and passengers.
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Airlines take aim at Australia's airport privatization model

2018-06-01 reuters
SYDNEY (Reuters) - As more countries look to privatize airports two conflicting narratives have taken wing: airlines point to Australia’s big city airports as a cautionary tale of light regulation, while airports say they’ve found a winning formula for governments, investors and passengers.
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Airline under China's HNA Group is raising funds ahead of a planned IPO

2018-05-30 cnbc
Chinese conglomerate HNA Group's Hong Kong Airlines is considering an initial public offering in the "short to medium term" and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by Reuters shows.
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Shares up on A2 Milk bounce-back, Air NZ and Synlait gain

2018-04-04 nzherald.co.nz
New Zealand shares surged on A2 Milk Co's recovery from last week's selling, while Air New Zealand gained on news it will ditch an alliance with Virgin Australia.
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Virgin Australia receives notice of Air New Zealand's intention to end alliance - Channel NewsAsia

2018-04-04 channelnewsasia
Virgin Australia Holdings Ltd said on Wednesday it received a notice from Air New Zealand regarding the termination of the airlines' strategic alliance.
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Virgin Australia receives notice of Air New Zealand's intention to end alliance

2018-04-04 reuters
(Reuters) - Virgin Australia Holdings Ltd (VAH.AX) said on Wednesday it received a notice from Air New Zealand (AIR.NZ) regarding the termination of the airlines’ strategic alliance.
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