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The start-up airline making noise in the aviation industry

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2020 was a tumultuous year for the aviation industry, with the COVID-19 pandemic impacting every airline in the world.

Thousands of aircraft from right around the world have, at least at some stage, been parked and left to sit idle on runways and in storage facilities.

In addition to this, over 40 airlines from all parts of the globe have ceased operation since 2020.

Intoducing: Bamboo Airways

However, the pandemic has seen one particular start-up airline find its wings.

Vietnam-born and raised Bamboo Airways is rapidly expanding at a time where the aviation industry remains unstable.

The airline currently serves Vietnam, flying between each capital city including Hanoi, Ho Chi Minh City, and Da Nang – just to name a few.

It also operates an international network that continues to grow; currently servicing Japan, South Korea, Taiwan and Macau.

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The history of Bamboo

The airline was founded in 2017 and commenced operations in January 2019.

By the time the pandemic hit, it meant that Bamboo Airways was less than one year into its operations.

One might have thought that this would have left the carrier in a precarious position, but the reality was far from that.

From the beginning, Bamboo has had strong success. The airline had strong and positive goals from the get-go, aiming to hire up to 600 employees, with recruitment beginning in April 2018.[

Bamboo’s Air Operator’s Certificate (AOC) was granted on 9 July 2018 and they subsequently passed the five required stages for certification by Vietnam’s Civil Aviation Authority.

After reviewing the airline’s financial structure and business plan, the Ministry of Transport issued an aviation license in November 2018 and the first flight took off in January of 2019.

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Remaining strong during COVID-19

A key factor that has helped the airline to survive and continue to strive throughout COVID-19 comes down to the fact that Vietnam represents a very strong market for airlines.

Vietnam has a steadily expanding airline market, according to Simple Flying. The expansion of the market saw 20% growth in the five years before coronavirus.

This reflects Vietnam’s economic growth as a whole, with its GDP rising by 225% in 10 years.

Looking to the future

Alongside its diverse route network of both domestic routes and international routes within Asia, the airline has built up a solid fleet.

Bamboo is looking at expanding its international operations throughout 2021 and into 2022, with Australia on the list.

The company has eyed off the possibility of regular flights to Melbourne, Australia – a destination that is already served through the airline’s COVID repatriation flights.

“We look forward to strengthening our relationship with the airline and enhancing our non-stop service to Vietnam on the Boeing 787-9 Dreamliner in 2021, including to Hanoi for the first time, which opens up critical trade, leisure and business opportunities for Victoria.”

Melbourne Airport’s chief of aviation, Shane O’Hare

The market between Australia and Vietnam, even prior to the pandemic, was relatively limited.

There were almost 1,000,000 passenger movements between the two countries in 2018, and nearly 60% of those passengers had to transit, through countries such as Singapore.

Most recently, the airline has made some noise within the industry by offering to ‘status match’ frequent flyer memberships to other airlines.

In any case, it’s pretty clear that Bamboo Air has found its wings and is here to stay.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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1 in 8 households don’t have the money to buy enough food

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Katherine Kent, University of Wollongong

Around one in eight (1.3 million) Australian households experienced food insecurity in 2023. This means they didn’t always have enough money to buy the amount or quality of food they needed for an active and healthy life.

The data, released on Friday by the Australian Bureau of Statistics (ABS), show food insecurity is now a mainstream public health and equity challenge.

When funds are tight, food budgets suffer

The main driver of food insecurity in Australia is financial pressure.

Housing costs and energy bills expenses consume much of household income, leaving food as the most flexible part of the budget.

When money runs short, families cut back on groceries, buy cheaper but less nutritious food, skip meals, or rely on food charities.

These strategies come at the expense of nutrition, health and wellbeing.

Inflation has added further pressure. The cost of food has risen substantially over the past two years, with groceries for a family of four costing around $1,000 per fortnight.

Who is most affected?

Not all households are affected equally. Single parents face the highest rates of food insecurity, with one in three (34%) struggling to afford enough food.

Families with children are more vulnerable (16%) than those without (8%).

Group households, often made up of students or young workers, are also heavily affected at 28%.

Rates are even higher for Aboriginal and Torres Strait Islander households, where 41% report food insecurity.

Income remains a defining factor. Nearly one in four (23.2% of) households in the lowest income bracket experience food insecurity, compared with just 3.6% in the highest.

These headline numbers are only part of the story. Past research shows higher risks of food insecurity for some other groups:

While the ABS survey can not provide local breakdowns, it will also be important to know which states and territories have higher rates of food insecurity, to better inform state-level responses.

What are the impacts?

Food insecurity is both a symptom and a cause of poor health.

It leads to poorer quality diets, as households cut back on fruit, vegetables and protein-rich foods that spoil quickly. Instead, they may rely on processed items that are cheaper, more filling and keep for longer.

The ongoing stress of worrying about not having enough food takes a toll on mental health and increases social isolation.

Together these pressures increase the risk of chronic diseases including diabetes, heart disease and some cancers.

For children, not having enough food affects concentration, learning and long-term development.

Breaking this cycle means recognising that improving health depends on improving food security. Left unaddressed, food insecurity deepens existing inequalities across generations.

What can we do about it?

We already know the solutions to food insecurity and they are evidence-based.

Strengthening income support by increasing the amount of JobSeeker and other government payments is crucial. This would ensure households have enough money to cover food alongside other essentials.

Investment in universal school meals, such as free lunch programs, can guarantee children at least one nutritious meal a day.

Policies that make healthy food more affordable and available in disadvantaged areas are also important, whether through subsidies, price regulation, or support for local retailers.

Community-based approaches, such as food co-operatives where members share bulk-buying power and social supermarkets that sell donated or surplus food at low cost can help people buy cheaper food. However, they cannot be a substitute for systemic reform.

Finally, ongoing monitoring of food insecurity must be embedded in national health and social policy frameworks so we can track progress over time. The last ABS data on food insecurity was collected ten years ago, and we cannot wait another decade to understand how Australians are faring.

The National Food Security Strategy is being developed by the Department of Agriculture, Fisheries and Forestry with guidance from a new National Food Council. It provides an opportunity to align these actions, set measurable targets and ensure food security is addressed at a national scale.

Food insecurity is widespread and shaped by disadvantage, with serious health consequences. The question is no longer whether food insecurity exists, but whether Australia will act on the solutions.The Conversation

Katherine Kent, Senior Lecturer in Nutrition and Dietetics, University of Wollongong

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Inflation data impacts markets as stocks reach highs

Inflation data and tariff uncertainty loom as U.S. stocks near record highs ahead of potential Federal Reserve rate cuts

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Inflation data and tariff uncertainty loom as U.S. stocks near record highs ahead of potential Federal Reserve rate cuts

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In Short:
– U.S. stock investors face crucial inflation data amidst concerns over tariffs and bond yields.
– The Federal Reserve is expected to lower interest rates following weaker job growth and trade uncertainties.
U.S. stock investors are facing a week filled with critical inflation data.
Uncertainty over tariffs and government bond yields complicates the market landscape. Despite a record high for the S&P 500 index, the recent monthly employment report revealed weaker job growth in August, prompting concerns.Banner

Investor focus turns to the upcoming U.S. consumer price index data, with implications for potential interest rate cuts.

The Federal Reserve is widely expected to reduce rates at its upcoming meeting.

Market Risks

Concerns linger around tariffs, especially after a court ruling deemed many of President Trump’s tariffs illegal.

This has muddied the decision-making for corporations and investors. Higher long-dated U.S. government debt yields, which reached 5% for the first time in over a month, have also contributed to stock market challenges.

Despite a substantial 10% rise in the S&P 500 this year, traders remain cautious as economic releases could disrupt elevated stock valuations amidst ongoing trade uncertainties.


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