- Business Wire•6 months ago
Fitch's affirmation of the class D notes is driven by the notes' deeply subordinated position. Key ratings considerations include the quality of the aircraft collateral, significant overcollateralization, the Australian and New Zealand insolvency regimes coupled with the transaction's underlying structure, the liquidity facilities, VAH's credit quality, and various additional structural elements. Positive credit factors include the absence of balloon payments for the A and B tranches, low balloon payments for the C and D tranches, short remaining expected maturities for the subordinated classes of notes, and rapid amortization of the notes resulting in expected LTV improvements for all tranches within the next several years.
- AFP•7 months ago
Australian carriers Qantas and Virgin Australia told customers on Thursday not to use or charge Samsung's Galaxy Note 7 during flights after faulty batteries in the new smartphone caused some handsets to explode. Samsung, the world's largest smartphone maker, said last week it was suspending sales of its latest flagship mobile device and recalling 2.5 million units shipped globally following reports of exploding "phablets" that dealt a heavy blow to the firm's reputation. "Following Samsung Australia's recall of the Samsung Galaxy Note 7 Personal Electronic Device (PED), we are requesting that passengers who own them do not switch on or charge them inflight," a Qantas spokesman said in a statement.
- AFP•10 months ago
Chinese aviation and tourism giant HNA is buying a 13 percent stake in Virgin Australia, the airline said Tuesday, just a week after the Hainan company scooped up part of Portuguese national airline TAP. HNA, led by Chinese billionaire Chen Feng and best known as the parent of Hainan Airlines, will pay Aus$159 million (US$115 million) for its share in the carrier, the Australian firm said in a statement. In April, HNA announced it would buy US-based Carlson Hotels, owner of the Radisson brand.
VAH.AX: Summary for VIRGIN AUS FPO - Yahoo Finance
Virgin Australia Holdings Limited (VAH.AX)
ASX - ASX Delayed price. Currency in AUD
Add to watchlist
|Day's range||0.19 - 0.19|
|52-week range||0.19 - 0.39|
|PE ratio (TTM)||-2.97|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|