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New airline to launch in Australia

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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. 

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Money

Tech giants drive global mega-cap surge amid inflation relief

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Tech giants have taken the lead in propelling global mega-cap stocks to new heights.

This surge comes as a welcome relief for investors who have been closely monitoring the impact of rising inflation on the financial markets.

The tech sector, including giants like Apple, Amazon, and Microsoft, has been instrumental in driving the rally. These companies have reported robust earnings and strong growth prospects, which has boosted investor confidence. As a result, the market capitalization of these tech behemoths has reached unprecedented levels, contributing significantly to the overall rise in global mega-cap stocks.

The easing of inflationary pressures has played a pivotal role in this resurgence. Central banks’ efforts to tame inflation through monetary policy adjustments have begun to bear fruit, reassuring investors and stabilizing financial markets. As concerns over rapidly increasing prices recede, investors have become more willing to invest in mega-cap stocks, particularly in the tech sector, which has demonstrated resilience in the face of economic challenges.

Will the tech giants maintain their momentum and continue to lead the mega-cap surge, or are there potential risks on the horizon?

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Money

Real reason bosses want employers back in the office

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As the world gradually recovers from the pandemic, employers are increasingly pushing for their staff to return to the office after years of remote work.

 
The driving force behind this push is the sharp decline in commercial property values, which has left many businesses concerned about their real estate investments.

Commercial property values have plunged in the wake of the pandemic, with many companies downsizing or reconsidering their office space needs.

This has put pressure on employers to reevaluate their remote work policies and encourage employees to return to the office. #featured

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Money

Businesses cash in on Black Friday sales

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Black Friday, the annual shopping frenzy, has become a global phenomenon rooted in economic strategies.

 
Retailers deploy various tactics to lure consumers, creating a win-win scenario for both shoppers and businesses.

The concept of Black Friday traces its roots to the United States, where it marks the beginning of the holiday shopping season. Retailers offer significant discounts on a wide range of products to attract a massive customer influx. This strategy, known as loss leader pricing, involves selling a few products at a loss to entice customers into stores, hoping they will buy other items at regular prices.

Retailers also employ the scarcity principle by advertising limited-time offers and doorbuster deals. This sense of urgency compels consumers to make quick decisions, boosting sales.

Furthermore, online shopping has revolutionized Black Friday economics. E-commerce giants use data analytics to customize deals, targeting individual preferences. Cyber Monday, the digital counterpart to Black Friday, capitalizes on the convenience of online shopping. #featured

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