Virgin Australia bidders narrowed down to two

Local media is reporting that Deloitte have narrowed Virgin Australia’s potential buyers down to two – Bain Capital and Cyrus Capital Partners. The original shortlist also included US based budget airline investor Indigo Partners and Australian company BGH Capital. Bain Capital has $US105 billion ($A155 billion) in assets under management and has former Jetstar chief…

Report: “Animal Farm” culture at Airservices Australia

Airservices Australia released a report from former Sex Discrimination Commissioner Elizabeth Broderick today. ABC Australia reports the “A Review of Culture at Airservices Australia” report was commissioned to study the internal culture at the government owned organisation. “Specifically relating to bullying, harassment, sexual harassment, psychological welfare and inclusion.” The report found a “Lord of the…

EasyJet plans to cut up to 30% of staff

EasyJet is to cut up to 30% of its workforce as it struggles to cope with the collapse in demand for air travel caused by the coronavirus pandemic. Up to 4,500 of its 15,000-member workforce could lose their jobs and the airline will start a consultation process with employees in the coming days. EasyJet expects…

BREAKING Boeing is resuming production of its 737MAX

Boeing resumed 737 MAX production in Renton. “Today, teams in Renton started to warm up the factory’s central production line,” said Boeing Commercial Airplanes CEO Stan Deal in a message to employees Wednesday afternoon. The MAX has been grounded since soon after the deadly crash of an Ethiopian Airlines MAX in March 2019, following the…