Today
Budget gives $1.7b boost for green aviation fuel but still no mandate
While the EU, Singapore and Japan have all signed on to sustainable fuel mandates, the Albanese government will study the idea for another two years.
- Ayesha de Kretser
- Updated
- Aviation
Liquidators say a ‘clearly’ broke Air Vanuatu owes at least $99m
The airline had “a significant level of debt”, and employed “a high number of staff for an operation of [its] size and nature”.
- Updated
- Ayesha de Kretser
Yesterday
Fiji Airways keen to keep Virgin Australia at bay
The Pacific’s biggest airline would consider a tilt at Air Vanuatu if its liabilities are limited to keep Virgin sidelined.
- Ayesha de Kretser
This Month
- Exclusive
- Aviation
Bonza hopes fade as VietJet walks from deal talks
The Vietnamese low-cost carrier confirmed it was out of the running as administrators prepare to ground the airline beyond their earlier midnight deadline.
- Updated
- Ayesha de Kretser
Tesla buyers using tax breaks bring spike in EV leasing
FleetPartners shares have climbed 48 per cent in six months and the CEO said 63 per cent of its novated lease customers in March bought an EV, taking advantage of a $3000 tax break.
- Simon Evans
McKinsey program leaves Bapcor in a hole
Instead of delivering the $100 million in extra profits promised, the strategy overhaul has left the automotive giant in disarray and profits sliding.
- Simon Evans
PE firm behind Bonza, Melbourne Victory calls in insolvency experts
The private equity firm called in advisers overnight to assist with “operational challenges”. It is a major shareholder in the A-League club and budget airline.
- Ayesha de Kretser
Has Qantas really changed?; Perpetual’s fall from grace; AI’s big energy problem
This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.
Bonza in talks with six buyers despite owing $100m and losing planes
Creditors of the collapsed budget airline were told that it owed more than $100 million to backers, customers and staff after going under late last month.
- Ayesha de Kretser
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Transport costs up 10 per cent nationwide as petrol stokes inflation
The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.
- Gus McCubbing
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
- Ayesha de Kretser
- Exclusive
- Aviation
Bonza’s backers plotted to ‘get the planes out’ and ‘wind this up’
Leaked documents show the writing was on the wall for the budget carrier weeks before it collapsed, and suggest co-ordination between its financiers and owners.
- Updated
- Ayesha de Kretser
Vanessa Hudson’s ACCC settlement is six months too late
Vanessa Hudson could have made settling the ACCC case a hallmark of her regime. Nine months after her elevation, it’s a little late for that.
- Myriam Robin
- Opinion
- The AFR View
Why didn’t ACCC litigate Qantas?
Is what might be seen as regulatory brand ransom to force companies to admit to lesser charges and avoid the need to litigate, the way the watchdog should seek to uphold Australia’s consumer protection and competition law?
- The AFR View
- Opinion
- Aviation
Qantas’ Hudson takes the chance to shed some Joyce baggage
Vanessa Hudson has finally accepted reality by making a deal with the competition watchdog over ghost flights.
- Jennifer Hewett
- Opinion
- Chanticleer
Transurban’s buying and building days not done yet
Investors would have reacted much more strongly to any sort of distribution guidance. Instead, Transurban’s Michelle Jablko gave them the long road to value creation.
- Anthony Macdonald
- Updated
- Aviation
Qantas pays $120m to settle ghost flights case
Customers on cancelled flights will receive up to $450 in compensation after the airline admitted it misled travellers and agreed to pay $120 million to settle.
- Updated
- Ayesha de Kretser and Lucas Baird
THL in $200m wipeout as grey nomads stop buying campervans
The operator of Britz and Maui brands said it was also expecting to impair its businesses overseas, and was surprised by how quickly sales had dried up.
- Simon Evans
- Opinion
- Chanticleer
Admitting Qantas’ ‘ghost flight’ misconduct is a win for Hudson
Qantas CEO Vanessa Hudson has taken the pragmatic approach of fessing up to the ACCC and ending the so-called ‘ghost flights’ case. It’s another step in her rebuild.
- James Thomson
