THE Royal Newcastle Aero Club and its chief flying instructor, Phil Unicomb, will be presented with accolades in a special ceremony today after taking out two categories in the inaugural Wings Award for Australian general aviation.
Qantas Airways could risk a further credit rating downgrade if it fails to meet its promise of improved earnings and lower debt over the next six months, Moody’s says.
Qantas boss Alan Joyce’s tactic to front load costs and take a massive $2.6 billion hit on the value of the international business could be a sign that he is tarting up the national carrier ahead of an exit after more than five years in the job.
Local shares are set to open lower on the back of a soft lead from overseas markets, while iron ore continued its downward slide, falling for the ninth-straight day.
The battle for the air-budget dollar that has been good for flyers could be coming to an end.
Property prices are down, the markets are edgy but this Australian investment fund is confident Chinese shares will deliver tidy returns.
Whitehaven Coal boss Paul Flynn says the coal industry should fight harder against the global campaign urging investors to dump investments in fossil fuels, which he labels "green imperialism at its worst".
Boards are still preferring rewarding their investors with dividends over investing.