Bush pilots offer US$16,000 outback adventures as Australian mines close
Sydney
THREE years ago, Scott McMillan bought a Fokker 70 jet to fly workers to sites including BHP Billiton Ltd's Olympic Dam, Australia's largest underground mine. He's now taking US retirees on outback adventures that cost almost US$16,000 a head.
Mr McMillan, managing director of Alliance Aviation Services Ltd, hopes tourism revenue will help reverse a slide in earnings since the company listed in 2011 as a provider of flights to the mining industry. He's thinking along the same lines as Reserve Bank of Australia governor Glenn Stevens, who hopes tourism can help offset slumping resources investment.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels