Business

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Virgin Blue To Fly Trans-Pacific Route

Virgin Blue has announced details of its new long haul carrier and flagship aircraft, moving a step closer to offering an alternative service on the trans-pacific route. The announcement comes after it yesterday received approval from Australia's International Air Services Commission to operate return non-stop services to the US from late 2008, and immediately follows Qantas' unveiling of further details about its Airbus A380 fleet and new 'premium economy' class.
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Bleeding JVC Finally Finds A Rescuer

JVC, which has been bleeding losses for a long time, and Kenwood are finally getting hitched in an effort to save the troubled company The two companies have formally agreed to join their car electronics and audio equipment businesses, while considering a complete business merger in the future, according to reports out of Japan.
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Qantas To Divide And Conquer

Qantas has signalled it will shake up its business structure in the coming year to unlock greater value from its lucrative frequent flyer, freight, fleet and holiday divisions. It announced this while reporting record net profits of $720 million for the year to 30 June 2007.