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  • Brindabella calls in receivers | Business Spectator
    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 Brindabella calls in receivers 16 Dec 2013 12 39 AM Industries Aviation Regional airline enters receivership days after CASA grounding 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 A regional airline has been placed in receivership days after Australia s aviation watchdog grounded the company s fleet The Civil Aviation Safety Authority CASA grounded four of Brindabella Airline s Jetstream aircraft in November and on Thursday ordered the company s remaining six planes pulled from service Brindabella had reported to CASA several planes had been over run for a year meaning the aircraft had not undergone maintenance checks or had parts replaced in line with manufacturers schedules On Sunday KordaMentha was appointed the receivers and managers of the Canberra based airline Brindabella which also encompasses Aeropelican Air has indefinitely suspended all of its flights KordaMentha will also call for expressions of interest for the airline s sale KordaMentha spokesman Michael Smith said the cost and frequency of maintenance and the CASA groundings had contributed to Brindabella s situation Clearly the airline had maintenance issues which led to some groundings and that is part of the troubles the airline has he told AAP Qantas which is facing its own financial struggles will provide discounted airfares to Brindabella customers on some regional routes David Winterbottom from KordaMentha said receivers were also in urgent discussions with the NSW Government about other replacement services Meetings will be held with Brindabella s

    Original URL path: http://www.businessspectator.com.au/news/2013/12/16/aviation/brindabella-calls-receivers (2014-01-13)
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  • Qantas-Emirates alliance may be enhanced | Business Spectator
    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 Emirates alliance may be enhanced 13 Dec 2013 7 21 AM 1 Industries Aviation Jetstar Asia could soon commit to codeshare deal with Emirates report 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 Meetings between Qantas Airways and Emirates Airline this week may have paved the way for Jetstar Asia to become more involved in the pair s alliance according to The Australian Financial Review Currently Jetstar Asia jointly owned by Qantas and Singapore s Westbrook Investments has an interline agreement with Emirates but not a codeshare deal that would allow the latter s frequent flyers to receive points on Jetstar flights Qantas would not elaborate on this week s discussions but did hint at changes to the alliance the report said We ve always said there is a lot more potential in this partnership and that could include more routes and services across our respective networks a Qantas spokesperson told the AFR Emirates last year indicated it wanted Jetstar Asia to be involved in the alliance saying it saw a lot of potential in such a deal When Emirates first floated the idea of Jetstar Asia s involvement the company said it would wait until regulatory approval was given for its Qantas deal which was awarded earlier this year Jetstar s Australian operations would not be involved 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 John Parkes Fri 2013 12 13 09 04 It seems that Alan Joyce has found a way around the pesky details of foreign ownership involved in the Qantas Sale Act just give away business to and allow management by a foreign airline Why not go the whole way and get rid of the expensive Board and Executives Joyce himself included and let some clerks in Dubai run the whole fiasco they couldn t do much worse I read that Emirates actually turns a profit for it s owner

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/aviation/qantas-emirates-alliance-may-be-enhanced (2014-01-13)
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  • Virgin retail offer undersubscribed | Business Spectator
    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 By a staff reporter with AAP Virgin Australia Holdings Ltd s retail shareholders have taken up just over a quarter of their entitlements under the airline s capital raising allowing its major institutional investors to increase their holdings even further In a statement to the Australian Securities Exchange the airline said eligible retail shareholders have taken up 25 3 per cent of their entitlements raising 17 5 million This means Singapore Airlines Etihad Airways and Air New Zealand will increase their stakes to around 67 per cent as part of a 351 5 million capital raising The announcement is expected to anger Qantas chief executive Alan Joyce who has complained about an uneven playing field in the Australian aviation market as Virgin is not restricted on foreign investment Mr Joyce had previously called on the federal government to block Virgin s equity raising Virgin said it has raised overall gross proceeds of 351 5 million through its entitlement offer As the retail entitlement offer is fully underwritten the balance of approximately 136 4 million new shares being shares not subscribed for by eligible retail shareholders will be issued to the underwriters and the sub underwriter of the retail entitlement offer Virgin said As previously announced Air New Zealand has agreed to sub underwrite the entitlement offer and Etihad Airways and Singapore Airlines have agreed to increase their aggregate exposure to Virgin Australia through cash settled derivatives Virgin s three major foreign shareholders Singapore Airlines Etihad Airways and Air New Zealand already own 63 per cent of Virgin They are now expected to increase their combined stakes to around 67 per cent Air New Zealand is expected to hold the largest stake at just over 24 per cent and Singapore and Etihad will boost their respective stakes to just above 21 per cent Virgin earlier defended its offer after criticism that it would see foreign partners increase their control of the company 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 Michael Peters Thu 2013 12 12 17 23 No Honey No Money What does Hollywood Tom Cruise and a movie called Jerry Maguire have in common with Virgin Australia retail investor shares It s all based on fiction the main actor isn t as hot as we once thought and in the end it all counts for naught I read with interest Virgin Australia retail shareholders overwhelmingly decide to

    Original URL path: http://www.businessspectator.com.au/news/2013/12/12/aviation/virgin-retail-offer-undersubscribed (2014-01-13)
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  • Qantas faces structural issues: S&P | Business Spectator
    more 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 Qantas faces structural issues S amp P 11 Dec 2013 3 06 PM Industries Aviation Ratings agency says it downgraded airline for reasons beyond cyclical weakness 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 By a staff reporter Ratings agency Standard Poor s has elaborated in its downgrade of Qantas Airways Ltd saying the cut was mainly because structural issues have accelerated for the airline and led to significantly reduced earnings In a statement S P credit analyst May Zhong said the downgrade went beyond a cyclical weakness and indicated the acceleration of a more permanent structural trend Indeed we expect the cyclical and structural headwinds facing the airline to persist which could hinder a timely recovery of its financial risk profile and credit metrics Ms Zhong said S P now has only two airlines with an investment grade rating after it cut Qantas rating to BB which is considered junk status last week following the airline flagging a first half loss of up to 300 million and announcing plans to cut 1000 jobs Print this page Related articles 10 Jan Sale act move won t aid Qantas 09 Jan Qantas shares

    Original URL path: http://www.businessspectator.com.au/news/2013/12/11/aviation/qantas-faces-structural-issues-sp (2014-01-13)
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  • Jetstar inks Avalon deal | Business Spectator
    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 Jetstar inks Avalon deal 11 Dec 2013 8 19 AM Industries Aviation Airline will stay at Avalon for another 18 months under deal with Vic govt 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 Jetstar will stay at Avalon Airport for another 18 months under a deal negotiated by the Victorian government Under the multimillion dollar agreement reached with Jetstar and airport owner Linfox the airline will remain at Melbourne s second major airport until at least April 2015 It s believed the government will put in most of the 5 5 million with Jetstar and Linfox each contributing 2 75 million Fairfax Media reports Aviation Industry Minister Gordon Rich Phillips says the deal secures Jetstar s five flights a day It locks it in for the 18 month window so that we can actually continue to work with Avalon Airport to secure international services because obviously that s the long term plan for Avalon he told ABC Radio The deal comes after concerns were raised last week that Jetstar was considering pulling the pin on Avalon At the time an airline spokesman said services to and from the airport had been underperforming and it had been heavily discounting fares to fill seats This position was unsustainable he said

    Original URL path: http://www.businessspectator.com.au/news/2013/12/11/aviation/jetstar-inks-avalon-deal (2014-01-13)
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  • Qantas prepares for union talks | Business Spectator
    from unions including the Transport Workers Union the Australian Council of Trade Unions the Australian Services Union and those representing pilots and engineers the report suggested It is expected that the unions will be briefed on the likely extent of jobs losses in different areas of the business Meanwhile talks between private equity groups and unions are in their infancy in regard to a push for a change of strategy at the beleagaured airline according to Fairfax 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 Pat lastName Wed 2013 12 11 08 05 Qantas is not Holden What an arrogant SOB Joyce and his coddling chairman have to go Perhaps the unions will see to that Their costs have to be reduced if they can do that they have a chance New management shed the restrictions imposed when it floated see if the Aussie Govt will form an export import bank like the United States which can guarantee all aircraft import purchases for ALL Australian air cvarriers Gus Herstik Wed 2013 12 11 09 09 THIS APPLIES TO QANTAS ALSO Talk to the unions and get the WORKERS to contribute reduce wages to keep the jobs here ONE PERSON S PAY RISE 2 MAN LOSS OF INCOME DON T BLAME ONLY THE GOVERNMENT This is what I see for some SIMPLE SOLUTION FOR COMPLEX PROBLEMS 1 FORD HOLDEN and would apply to some other industries Australia has one of the highest standard of living supported by our wage structure In the past 50 s 60 s we had great time Lot of benefits were afforded and given to workers Extended holidays Later an extra pay loading while on holiday reduction of working hours It was good while economy was growing exponentially Unions demands were mainly given NOW the world economy is in tatters our economy suffering Attempt to compete with the low wages in China Singapore Indonesia India just to name a few becoming impossible for manufacturing industries To cut it short HERE IS THE SIMPLE SOLUTION Offer the unions and workers just 1 00 per hour reduction of their pay Would most likely save 1000 s of jobs I believe the workers would be benefit to receive about 40 less per week than no pay at all for say 2 month 9 weeks 360 only THis also would save 1000 000 s unemployment payment for the government Judge Mental Wed 2013 12 11 10 49 Gus your plan or something similar would make perfect sense except for one small issue The now imminent Intentional Total Economic Collapse is

    Original URL path: http://www.businessspectator.com.au/news/2013/12/11/aviation/qantas-prepares-union-talks (2014-01-13)
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  • Qantas shares hit record low | Business Spectator
    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 Qantas shares hit record low 10 Dec 2013 3 41 PM Industries Aviation Airline s shares keep falling after profit downgrade job cuts announced 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 By a staff reporter Qantas Airways Ltd shares have hit a record low after the airline last week warned of a first half loss of up to 300 million and announced plans to cut 1000 jobs At the 1615 AEDT official market close Qantas shares had fallen 3 02 per cent to 96 5 cents against a benchmark index fall of 0 02 per cent Qantas shares earlier fell as low as 95 25 cents during the day s trade Qantas previous record low of 96 cents was reached in the week commencing June 4 2012 The airline also last week warned of a pay cut for its chief executive officer and board and cost reductions of 2 billion across all areas of the business over three years Ratings agency Standard and Poor s cut Qantas credit rating to the junk status of BB after the profit warning which is considered below investment grade Print this page Related articles 10 Jan Sale act move won t

    Original URL path: http://www.businessspectator.com.au/news/2013/12/10/aviation/qantas-shares-hit-record-low (2014-01-13)
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  • Aviation | Business Spectator
    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 Aviation Air NZ lifts earnings guidance Airline expects H1 earnings to exceed previous corresponding half by 20 11 25am December 10 Navigating the downgrade deluge Investors may opt to part ways altogether with repeat profit warning offenders especially when factors outside the industry are driving the downgrades by Kirstie Spicer 11 08am December 10 3 comments Qantas is not Holden Joyce National carrier s CEO says airline not seeking anti competitive handout 8 40am December 10 4 comments World s largest airline gets tick American Airlines US Airways merger gets approval from US regulators 2 48am December 10 1 comment Jetstar reduces Darwin services Airline to move aircraft to Adelaide reduces flights as parent Qantas cuts costs 2 32pm December 09 2 comments DataRoom AM Qantas baggage drop A plane sale and leaseback option could straighten Qantas tailspin while Kirin Holdings may be looking to offload its National Foods dairy assets by Daniel Palmer 7 26am December 09 Corporate consortium eyes Qantas Greg Woolley led syndicate to offer to by aircraft 2 31am December 09 8 comments Qantas must not fail Bowen National carrier too important to be left to collapse shadow treasurer says 12 50am December 09 30 comments China Southern in plan to back Qantas stake Airline held discussions with syndicate including Geoff Dixon and John Singleton by Damon Kitney and Steve Creedy The Australian 1 11am December 07 1 comment Xenophon It s time to junk Joyce Senator urges Qantas shareholders to dump the airline s chief and board 2 46pm December 06 6 comments Vulnerable Qantas flies a fine line Qantas cannot afford to cede any market share to arch rival Virgin because the eventual loss of volume and yield advantage could create a one way route to oblivion by Stephen Bartholomeusz 12 47pm December 06 22 comments Qantas credit rating cut to junk Standard and Poor s strips Qantas of its investment grade credit rating says there s no recovery in sight 12 15pm December 06 10 comments Qantas shares in trading halt Airline enters trading halt as PM says he may consider greater foreign stake 10 26am December 06 6 comments DataRoom AM Qantas tailspin Qantas pleas for help fall on deaf ears while Veda Group s strong debut on the ASX puts to bed concerns of IPO fatigue by Daniel Palmer 7 18am December 06 Govt rules out Qantas aid Coalition distances itself from guarantee loan options airline s credit rating under review 10 57pm December 05 7 comments Qantas flags H1

    Original URL path: http://www.businessspectator.com.au/industries/aviation?page=1 (2014-01-13)
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