Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Virgin Australia Holdings Ltd    VAH   AU000000VAH4

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Virgin Australia Holdings Ltd : Virgin Australia launches Australian-first biodiesel trial at Brisbane Domestic Airport

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 05:26am CEST
16/05/2012

In a first for an Australian airline, Virgin Australia has launched a trial of environmentally-friendly biodiesel in its ground service equipment.

The initial trial involves using a biodiesel blend derived from locally sourced tallow and used cooking oil (split 20:80 conventional petrodiesel) in a baggage tug and a push-back vehicle at Brisbane Domestic Airport over an eight-week period.

The biodiesel used in the trial is produced by Ecotech Biodiesel at a local facility in Narangba in Queensland and provides a range of environmental benefits including reduced carbon and soot emissions. Refuelling Solutions, another Australian company, is providing logistical support and storage for the trial.

Virgin Australia Group Executive of Operations Sean Donohue said the biodiesel trial supports the airline's renewable jet fuel strategy to encourage the development of sustainable alternatives to fossil fuel sourced from our region.

"At Virgin Australia, we are committed to reducing the environmental impact of our operations both in the air and on the ground. Using a biodiesel blend in all of our baggage tugs and push-back vehicles would help us reduce the greenhouse emissions generated by our ground operations.

"Biodiesel is commercially available now, cost-competitive with conventional petro-diesel and helps improve our fuel economy. We were also drawn to Ecotech Biodiesel because its activities support Australian jobs, regional Australia and our natural environment.

"Should the trial be successful, we hope to roll out biodiesel to our ground service equipment in Brisbane and other mainline airports. This could lead to a reduction in over 300 tonnes of CO2 per year", Mr Donohue said.

Biofuels Association of Australia Chief Executive Officer Heather Brodie said: "The trial offers substantial benefits for the environment and regional Australia, while reducing the airline's reliance on imported fuels. By working with local producer Ecotech Biodiesel, Virgin Australia is actively supporting the development of a sustainable, regionally developed alternative fuel".

Virgin Australia said the strategy complements its renewable fuel strategy to procure a sustainable, reliable, and economic supply of aviation fuel to meet the airline's aspirational target of 5% renewable fuel use from 2020.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VIRGIN AUSTRALIA HOLDINGS
08/18 The mail that came 44 years late
08/12 VIRGIN AUSTRALIA : ACCC approves Virgin Australias alliance with HNA Aviation
08/11 Virgin Australia switching on Wi-Fi for domestic and international flights
08/11 From the mailroom to the boardroom
08/11 The mail that came 44 years late
07/15 VIRGIN AUSTRALIA : applies for Samoa routes
07/13 VIRGIN AUSTRALIA : Hainan Airlines Fortune Wings Club and Virgin Australia Veloc..
07/07 VIRGIN AUSTRALIA : Hong Kong Airlines and Virgin Australia Introduce Reciprocal ..
07/05 VIRGIN AUSTRALIA : reaffirms expectations of improved financial performance in 2..
06/24 VIRGIN AUSTRALIA : Fiji Airways boss outlines details of planned Samoan venture
More news
News from SeekingAlpha
2016 Qantas Airways Will Bounce Back And Bring Big Returns
2016 Oil Price Sinks, But Airlines Aren't Lowering Fuel Surcharge
2015 Qantas Has A Tough Act To Follow As Virgin's 'The Business' Debuts
2015 Qantas 'Creating Great' In 95th Year
2015 Corporate Ups And Downs - Down Under
Financials ( AUD)
Sales 2018 5 270 M
EBIT 2018 243 M
Net income 2018 -23,8 M
Debt 2018 1 021 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 55,90
EV / Sales 2018 0,52x
EV / Sales 2019 0,48x
Capitalization 1 734 M
Chart VIRGIN AUSTRALIA HOLDINGS
Duration : Period :
Virgin Australia Holdings  Technical Analysis Chart | VAH | AU000000VAH4 | 4-Traders
Technical analysis trends VIRGIN AUSTRALIA HOLDINGS
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 0,17  AUD
Spread / Average Target -17%
EPS Revisions
Managers
NameTitle
Massimo John Borghetti Chief Executive Officer, Executive Director & MD
Elizabeth Blomfield Bryan Independent Non-Executive Chairman
Geoff Smith Chief Financial Officer
Robert Bain Thomas Independent Non-Executive Director
Samantha J. Mostyn Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
VIRGIN AUSTRALIA HOLDINGS LTD-12.77%1 374
DELTA AIR LINES, INC.-3.37%34 984
RYANAIR HOLDINGS PLC28.95%26 055
UNITED CONTINENTAL HOLDINGS INC-11.16%19 699
AIR CHINA LTD.28.47%17 899
INTERNATIONAL CONSOLIDATED AIRLINES GROUP38.69%16 406