Iran war cuts projected global airline profits in half

Speaking exclusively to Australian Aviation, Koala CEO Bill Astling said the initial three planes are likely to be built in around July or August next year, with the launch date for the airline depending on their delivery.

Speaking to media after the announcement this week of the airline’s sale to US-based aviation group Air T, the Minister said she “didn’t think Rex would be flying today” had the government not stepped in to shore it up, including buying the lion’s shar…