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  • Virgin passenger numbers decline | Business Spectator
    than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Virgin passenger numbers decline 8 Jan 2 54 PM Industries Aviation Despite falling numbers airline reaping greater returns from airfares You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Virgin Australia has experienced a fall in passenger numbers although the airline says it is reaping greater returns from airfares Virgin s domestic passenger numbers slid 0 3 per cent in November while international passengers fell 1 6 per cent The airline moved 1 67 million passengers across its network in the month down around 10 000 compared to a year ago But in a statement on Wednesday the airline said yields a measure of average airfares per passenger had increased since the start of the financial year in July That compares favourably with rival Qantas which last month said both passenger numbers and yields declined in November contributing to an expected 300 million underlying loss for the airline for the first six months of the financial year Qantas also suffered a decline in yields last financial year partly due to excess capacity as it works to maintain market share against Virgin Print this page Related articles 10 Jan Sale act move won t aid Qantas 09

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/aviation/virgin-passenger-numbers-decline (2014-01-13)
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  • MPs back Qantas reform | Business Spectator
    on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password A push by Qantas Airways to strip away foreign ownership restrictions is gaining traction within the coalition according to The Australian Liberal politician Dan Tehan who heads the coalition s friends of tourism group has very publically supported a peeling back of the regulatory straitjacket on the airline In this new world the Qantas Sale Act is working against the interests of the very company it was legislated to protect It needs to be changed he writes in The Australian today Mr Tehan said inaction would likely cripple the airline while fellow Liberal MP Karen Andrews also backed calls for a review The Qantas Sale Act enforces a 49 per cent cap for foreign ownership of the national carrier In the wake of a profit downgrade and move from one ratings agency to move Qantas debt to junk status there has been an ongoing debate about the future of the airline Qantas boss Alan Joyce has called for a debt guarantee from the government while also continuing to press for changes to the Act but he has little to show for his lobbying thus far The airline told The Australian that discussions with the government were ongoing Print this page Related articles 10 Jan Sale act move won t aid Qantas 09 Jan Qantas shares rally after downgrade 09 Jan Ailing Qantas needs a new battle strategy 08 Jan Virgin passenger numbers decline 07 Jan Boeing in record 2013 More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy M K Wed 2014 01 08 13 59 Taxpayer guarantees and selling off more of Qantas to overseas investors will not save Qantas The real reasons for Qantas going to Canberra asking for debt guarantees or selling off more of the airline to overseas investors aren t clear Shareholders should be asking the board for more transparency on this issue This issue of assistance from Canberra is most likely a sideshow Politicians should concentrate on running the country and getting rid of unnecessary spending introduced the last 10 years and deleting red tape for business before International circumstances force it upon us Recently there have been numerous recent articles e g Forbes editorial Dec 2013 about the unsustainability of QE and the unforeseen dangers if it is wound down or continued Qantas should concentrate on running their private business well for their shareholders Asking Canberra for special case debt guarantees or selling off more of the airline to overseas investors won t save the airline Frankly if the task is too difficult the senior executives

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/aviation/mps-back-qantas-reform (2014-01-13)
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  • Boeing in record 2013 | Business Spectator
    Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Boeing in record 2013 7 Jan 4 12 AM Industries Aviation Aircraft maker saw record deliveries last year You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AFP Boeing says it ended 2013 setting company records for deliveries and unfilled orders for commercial aircraft as it ramps up production to meet demand Boeing says it delivered 648 commercial airplanes last year and its backlog of orders stood at 5 080 a new high in the Chicago based company s history After booking a record 1 531 gross commercial orders Boeing ended the year with 1 355 net commercial orders the second largest in its history With solid execution on our numerous production rate increases the Boeing team performed extremely well in 2013 Ray Conner Boeing Commercial Airplanes president and chief executive said in a statement on Monday We delivered more advanced fuel efficient airplanes to our customers than ever before According to Boeing three programs set records for deliveries in a single year The company delivered 440 of the latest model of its popular 737 medium haul jetliner the Next Generation 737 Customers also received 98 long haul 777s and 65 new 787 Dreamliners Print this page Related articles 10 Jan Sale act

    Original URL path: http://www.businessspectator.com.au/news/2014/1/7/aviation/boeing-record-2013 (2014-01-13)
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  • Syd Airport numbers drop in Nov | Business Spectator
    about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Syd Airport numbers drop in Nov 20 Dec 2013 12 01 PM Industries Aviation Passenger numbers slip slightly despite lift in international travellers You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Passenger numbers at Sydney Airport have dropped slightly despite a solid increase in international travellers The total number of travellers passing through the airport slid 0 1 per cent to 3 2 million in November with a 1 7 per cent drop in domestic passengers offsetting a 3 7 per cent rise in international travellers Sydney Airport chief executive Kerrie Mather said there was strong growth in travel to and from Malaysia and New Zealand There also was a rise in arrivals from India and departures to the USA Philippines and Japan She said a new Sichuan Airlines Service from Chengdu and Chonqqing to Sydney would also add another 50 000 seats per year to the airport This service consolidates Sydney Airport s position as Australia s gateway to China with 94 weekly flights to eight major Chinese cities and greater China she said Print this page Related articles 10 Jan Sale act move won t aid Qantas 09 Jan Qantas

    Original URL path: http://www.businessspectator.com.au/news/2013/12/20/aviation/syd-airport-numbers-drop-nov (2014-01-13)
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  • Qantas cuts still unclear | Business Spectator
    Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Qantas cuts still unclear 18 Dec 2013 11 30 PM 3 Industries Aviation Meeting with unions fails to shed light on departments hardest hit by job cuts You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Unions say they are still in the dark as to where the latest rounds of Qantas job cuts will come from Qantas boss Alan Joyce and other senior executives met with several unions at is Sydney headquarters on Wednesday Following the talks the Australian Council of Trade Unions ACTU Secretary Dave Oliver said he couldn t get any clarification as to who would be affected by the airline s plan to axe at least 1000 jobs But he said the ACTU was pleased Qantas had given a commitment to consult on the cuts We ll be holding Qantas to that commitment and ensuring that every reasonable option is explored to reduce any job losses across the whole Qantas group he said in a statement after the meet A Qantas spokesman said the airline would consult as was required under the agreements with each union but had not agreed to further consultation Transport Workers Union National Secretary Tony Sheldon said the lack of information as to where the cuts would come from would hurt employees over the holiday break Without information on the cuts all 30 000 Qantas Group staff would spend Christmas in fear that their jobs might be the ones to go Mr Sheldon said in a statement That s not the way to treat any workforce particularly as they and their families enter the Christmas period But Mr Joyce said while it was understandable unions sought commitments on jobs the business was looking at all options With an all options structural review of the business underway it would be disingenuous for us to rule anything in or out he said in a statement We can say that Qantas will always have the bulk of its operations here in Australia and that any actions we take are ultimately about protecting as many Australian jobs as we can by making Qantas stronger The airline used the meet to highlight the extreme challenges it faces Mr Joyce said It comes after Qantas announced earlier this month that it would be undergoing a three year 2 billion cost reduction program including a reduction of at least 1000 jobs and a company wide structural review

    Original URL path: http://www.businessspectator.com.au/news/2013/12/18/aviation/qantas-cuts-still-unclear (2014-01-13)
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  • Qantas nears govt deal: report | Business Spectator
    tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Qantas nears govt deal report 18 Dec 2013 3 38 AM 2 Politics National Affairs Industries Aviation Standby debt facility being considered airline s leaders to meet unions today You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Qantas Airways is nearing a deal with the Abbott government for the provision of a standby debt facility according to The Australian Financial Review The report suggests the deal will come with a fee for Qantas but will not see its 6 billion of on balance sheet debt guaranteed by the Commonwealth It should however assist with the national carrier s credit rating which was recently cut to junk status by Standard Poor s The AFR reported however that the timing of an agreement remained up in the air Meanwhile the company s management is slated to meet union representatives in Sydney today to discuss plans to reduce employee numbers The company recently announced over 1 000 jobs will be cut but has not provided many details about the location of the job losses Print this page Related articles 10 Jan Sale act move won t aid Qantas 09 Jan Qantas shares rally after downgrade 09 Jan Ailing Qantas needs a new battle strategy 08 Jan Virgin passenger numbers decline 08 Jan MPs back Qantas reform More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan

    Original URL path: http://www.businessspectator.com.au/news/2013/12/18/aviation/qantas-nears-govt-deal-report (2014-01-13)
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  • AIG sells unit for $US5.4bn | Business Spectator
    power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories The nuclear renaissance is stone cold dead There is no nuclear recovery with the industry last year flailing to stay above water in key markets and its share of global electricity continuing a seemingly inexorable decline Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu AIG sells unit for US5 4bn 17 Dec 2013 12 20 AM Industries Aviation US group offloads aircraft leasing business to AerCap You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AP AIG is selling its aircraft leasing business International Lease Finance Corp to AerCap in a cash and stock deal valued at approximately US5 4 billion A6 1 billion International Lease Finance has almost 1 000 owned and managed aircraft and has commitments to buy approximately 330 high demand fuel efficient aircraft It will become a subsidiary of AerCap American International Group Inc said on Monday that this is the last major sale of one of its non core assets AIG received the biggest bailout of the financial crisis five years ago The insurer has repaid the bailout money and has undergone a massive restructuring that cut its size in half as it focused on its core insurance business AIG initially had a deal to sell up to 90 per cent of International Lease Finance s stock to Jumbo Acquisition Ltd but ended that agreement before striking its deal with AerCap AerCap based in the Netherlands is an aircraft leasing company It has offices in Ireland the US China Singapore and the United Arab Emirates AIG said it gets US3 billion in cash and about 97 6 million newly issued shares of AerCap Holdings NV in the deal or about 46 per cent of AerCap s stock It will enter a stockholders agreement and registration rights agreement with AerCap which will give it the right to nominate two AerCap board members AIG also agreed to provide a US1 billion five year unsecured revolving credit facility

    Original URL path: http://www.businessspectator.com.au/news/2013/12/17/aviation/aig-sells-unit-us54bn (2014-01-13)
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  • Abbott to mull Qantas proposals | Business Spectator
    weekend that Qantas s desire for easing of the Qantas Sale Act was not unreasonable Qantas chief executive Alan Joyce had said the airline was not competing on a level playing field with competitor Virgin receiving a 350 million injection from its foreign owners Etihad Air New Zealand and Singapore Airlines But independent Senator Nick Xenophon said it was not the Qantas legislation which needed to be changed but the management and board Senator Xenophon challenged Mr Joyce to show one dollar of profit since setting up Jetstar Asia and other offshoots If the CEO Alan Joyce and the chairman Lee Clifford go that will transform the airline because they have presided over monumental strategic mistakes including the failed Jetstar experiment in Asia where they have burned hundreds of millions he told AAP The airline is now vulnerable to a private equity takeover because the share price is so low The private equity buccaneers are now circling the airline Meanwhile Labor remains unconvinced about the need to alter legislation with MP Matt Thistlethwaite saying the restrictions in the Qantas Sale Act existed for a good reason Given what happened to private equity in the global financial crisis you could probably fairly say if we didn t have the Qantas Sale Act Qantas would not be here today he told Sky News Liberal Josh Frydenberg said Qantas was an iconic Australian brand which should survive and proper It would be negligent of us not to investigate the various ways we could help Qantas to survive and prosper he told Sky News Ultimately if you were to change the ownership restrictions that would be an issue for the Australian parliament A spokesman for Qantas welcomed the acknowledgment of an uneven playing field He said the company was in ongoing talks with the government about how it could be levelled But we re not in a position to comment on those discussions other than to say we re certainly not looking for a handout from taxpayers he said The spokesman said Qantas had previously called for review of the legislative framework distorting the Australian aviation market Access to foreign capital has become a major factor in this market and Qantas is denied the same access as its competitors But ultimately the Qantas Sale Act is a matter for Parliament he said Print this page Related articles 10 Jan Sale act move won t aid Qantas 09 Jan Qantas shares rally after downgrade 09 Jan Ailing Qantas needs a new battle strategy 08 Jan Virgin passenger numbers decline 08 Jan MPs back Qantas reform More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy garry lastName Sat 2013 12 14 21 40 Yes what Abbott really means is that he will soon privatise it to a level where even a foreign government can be it s effective

    Original URL path: http://www.businessspectator.com.au/news/2013/12/14/aviation/abbott-mull-qantas-proposals (2014-01-13)
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