Virgin Australia Holdings Limited (Virgin
Australia Group or "the Group") (ASX: VAH) today reported an Underlying Loss Before Tax of $49.0 million for the 2015 financial year, including the impact of 100 per cent consolidated Tiger Airways Australia Pty Limited (Tigerair Australia) performance from 17 October 2014.
With its headquarters in Brisbane, Australia, the Virgin
Australia Group is the country's second-largest airline with a fleet of more than 130 aircraft.
"The
Australia Group decided to admit India as the Group's 43rd participant through a consensus decision.
The group also plans to expand in Asia where it targets GWP equal to 10% of its total by 2016.Country: UKSector: InsuranceTarget: Equity Red StarBuyer: Aquiline Capital Partners LLCVendor: Insurance
Australia Group LimitedDeal size in USD: 133mType: Divestment, LBOStatus: Closed
Virgin
Australia group of airlines on Wednesday announced plans to transition to ticketed operations through the introduction of the new SabreSonic Customer Sales and Service (CSS) system.
The extraordinary profit stemmed from a rise in the value of its holdings of 122 million shares, or a stake of 29 percent, in its now-wholly owned subsidiary TAL Ltd., which was previously known as Tower
Australia Group Ltd., it said.
Make-up of groups: Group A: Norway, Montenegro, Angola, Germany, China, Iceland Group B: Russia, Kazakhstan, the Netherlands, South Korea, Spain,
Australia Group C: Romania, France, Brazil, Tunisia, Cuba, Japan Group D: Sweden, Denmark, Croatia, Argentina, Ivory Coast, Uruguay Pool C fixtures: December 3: Romania v Tunisia France v Japan Brazil v Cuba December 5: Tunisia v France Cuba v Romania Japan v Brazil December 6: Romania v Japan France v Brazil Tunisia v Cuba December 8: France v Cuba Brazil v Romania Japan v Tunisia December 9: Cuba v Japan Brazil v Tunisia Romania v France
The document identifies the Chinese supplier as Zibo Chemet, saying it has supplied equipment forbidden under the regulations of the
Australia Group, which supervises the sale of sensitive chemical technology, equipment and materials.
Hastings Direct, which is the main brand of Hastings Insurance Direct, was launched in 1997 and bought by Mr Utley and chief executive Edward Fitzmaurice as part of a management buyout from Insurance
Australia Group in February 2009.
But shares of Insurance
Australia Group (AU:IAG 3.30, -0.20, -5.71%) plunged 3.1% after it indicated a 4.3% drop in its insurance profit outlook and announced a management change at its UK unit.
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