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
05/18 VIRGIN AUSTRALIA : ACCC grants authorisation to fly-in fly-out airline alliance
05/13 VIRGIN AUSTRALIA : Alliance Airlines to take over regional Queensland routes
05/11 VIRGIN AUSTRALIA : The best in-flight bars
05/04 Singapore Airlines joins Virgin Australia`s Accelerate program
04/28 VIRGIN AUSTRALIA : South Africa`s Airlink adds maiden EMB-190
04/26 VIRGIN AUSTRALIA : Robin Kamark appointed as CEO, Airline Equity Partners in Eti..
04/25 Chorus Aviation Capital to buy six ATR 72-600s from Avation PLC
04/25 VIRGIN AUSTRALIA : Robin Kamark appointed as CEO, Airline Equity Partners in Eti..
04/24 VIRGIN AUSTRALIA : turns on inflight wifi
04/21 VIRGIN AUSTRALIA : turns on inflight wifi
More news
Sector news : Airlines - NEC
08:54a CATHAY PACIFIC AIRWAYS : denies media report of further job cuts
05/22 In Bombardier fight, Boeing sees ghost of Airbus ascent
05/22 In Bombardier fight, Boeing sees ghost of Airbus ascent
05/22DJCATHAY PACIFIC AIRWAYS : Cuts 25% of Managerial Jobs in Bid to Stem Losses
05/19DJSINGAPORE AIRLINES : to Phase Out Four Airbus A380s
More sector news : Airlines - NEC
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
Advertisement
Financials ( AUD)
Sales 2017 4 994 M
EBIT 2017 158 M
Net income 2017 -68,2 M
Debt 2017 1 296 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,56x
EV / Sales 2018 0,53x
Capitalization 1 480 M
More Financials
Chart VIRGIN AUSTRALIA HOLDINGS
Duration : Period :
Virgin Australia Holdings  Technical Analysis Chart | VAH | AU000000VAH4 | 4-Traders
Full-screen chart
Technical analysis trends VIRGIN AUSTRALIA ...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 7
Average target price 0,18  AUD
Spread / Average Target 3,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Massimo John Borghetti Chief Executive Officer, MD & Executive Director
Elizabeth Blomfield Bryan Independent Non-Executive Chairman
Gary L. Hammes Chief Operating Officer
Geoff Smith Chief Financial Officer
David Baxby Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VIRGIN AUSTRALIA HOLDI..-23.40%1 110
DELTA AIR LINES, INC.-1.42%35 691
UNITED CONTINENTAL HOL..8.29%24 438
RYANAIR HOLDINGS PLC17.34%23 170
AIR CHINA LTD.26.39%17 463
INTERNATIONAL CONSOLID..35.18%16 638
More Results