Connect with us

Business

New airline to launch in Australia

Published

on

Australia’s aviation market is set to become even more competitive, as the sector plans to reopen in 2022

Painted in purple and white, Bonza Airlines is gearing up to become Australia’s next low cost carrier (LCC), going head to head with mostly Jetstar.

The independent carrier will fight for business on already busy domestic routes across the country next year, promising cheaper fares to travellers.

In a company issued statement, Bonza said its launch from early next year will give Aussies “more travel choices and more affordable air travel” to destinations across the country.

The founder and CEO of the new airline has more than 25 years of experience working within the aviation sector, previously working at Cebu Pacific and Virgin Australia when the airline was called ‘Virgin Blue.’

“Bonza’s mission is to encourage more travel by providing more choices and ultra-low fares, particularly into leisure destinations where travel is now often limited to connections via major cities,” 

Bonza will be backed by US private investment firm 777 Partners and will put a particular focus on routes into leisure destinations.

CEO, Mr. Jordan says “Bonza will play a leading role in Australia’s post-pandemic economic recovery – creating jobs, stimulating travel and consumer spending and help regional communities, especially those that rely on tourism, get back on their feet,”

Bonza will operate the Boeing 737 MAX.

The fleet:

The airline will launch with an unspecified number of Boeing 737-8 MAX aircraft.

Bonza is set to still finalise regulatory approval to start operating within Australia.

Jordan says with Miami-based private investment firm 777 Partners backing Bonza, their chances of success are high.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

This move is set to boost Australia’s crypto gains

Published

on

Coinbase is coming down under, in a major boost for the country’s crypto gains

The crypto platform is calling the country “a priority market”.

It will add its local payments platform so Australians can transfer dollars into their Coinbase account.

There will also be advanced trading tools and better pricing.

Users will also receive 24 hour support, where they can ask all about their accounts and concerns.

The exchange is registered with a local regulator to provide its digital currency exchange services.

Continue Reading

Business

TikTok’s parent company loses $7bn

Published

on

TikTok’s Parent company sees losses grow as it tries to outplay Facebook, Instagram and YouTube

TikTok’s parent company, ByteDance, has experienced a loss of more than $7 billion dollars in operating costs, tripling last year’s records.

The company attributes the huge loss to its massive investment in global growth. It detailed the results in a financial report which was provided to internal stakeholders.

In the first quarter of 2022, the company recorded a profit in its operating costs, with the company’s revenue expanding by more than 80% to $61.7 billion in 2021.

But expenses that are focused on expanding its products worldwide continue to swell at a rapid rate.

While TikTok is one of ByteDance’s most successful and well-known products, the company owns a wide range of digital platforms including: Douyin, Toutiao, Vigo Video, Helo, Lark and BytePlus. In total, it attracts hundreds of millions of users in China alone and 1 billion TikTok users worldwide.

The internal report was emailed to all ByteDance’s 130,000 employees. In a note of assurance, company execs “remain confident in the strength of our business and organisation.”

The ability for ByteDance to continue to invest in the company’s growth is clearly a strong advantage the company has over its competitors in the market.

A new report found Australians spent more time on TikTok in the last 12 months than on Facebook, a leader for many years in the space.

With other platforms such as Facebook, Instagram and YouTube scrambling to compete with TikTok, it seems ByteDance must have a long-term expansion strategy in mind.

The company is evidently trying to arrive at a place where such massive losses relating to operating will be a distant memory.

Continue Reading

Business

How to score one of 500,000 free airline tickets up for grabs

Published

on

Virgin Atlantic has made the controversial decision to stop operating in Hong Kong

It says the war in Ukraine and restricted air space are the reasons behind the change.

Customers will be offered a refund if they wish.

The war in Ukraine has caused many airlines to pause routes because of safety concerns.

It comes as Hong Kong is set to give away 500,000 airline tickets as it looks to bring tourists back after the pandemic.

The major deal is part of the city’s push to bring life back to the city, which has been under strict COVID measures for much of the last two years.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD