Matt O'Sullivan

Matt O'Sullivan

Matt O'Sullivan is a Business Reporter for The Sydney Morning Herald.


NZ government sells 20% of Air New Zealand for $324 million

Matt O'Sullivan The New Zealand government has gained $NZ365 million ($324 million) from selling a 20 per cent stake in Air New Zealand, taking the total raised from its asset-sales program to almost $NZ4 billion.


Air NZ stake sold for $324m

Air New Zealand thumb

Matt O'Sullivan The New Zealand government has raised $NZ365 million ($324 million) from selling a 20 per cent stake in Air New Zealand at $NZ1.


Virgin and Qantas argue over capital raising and unequal regulation


Matt O'Sullivan Virgin Australia chief John Borghetti has returned fire at Qantas for urging the Abbott government to halt its $350 million capital raising, emphasising that his airline has ended its rival's...


'No longer a monopoly': Virgin Australia chief hits back at Qantas claims


Matt O'Sullivan Virgin Australia chief executive John Borghetti has hit out at Qantas’ claims that it is receiving an unfair advantage by emphasising that his airline has ended a monopoly in this country’s...


Kiwis to sell 20% stake in Air New Zealand

Air New Zealand

Matt O'Sullivan The New Zealand government will sell a 20 per cent stake in Air New Zealand over the next two days, raising speculation about whether foreign airlines will eventually be tempted to buy a slice.


Virgin rebuked by Australian Shareholders Association over capital raising

David Baxby and Richard Branson

Matt O'Sullivan Virgin Australia's board faces a rebuke from small shareholders for its handling of a $350 million capital raising which they claim rewards its major airline investors Air New Zealand, Etihad and...


Airlines tighten grip on Virgin Australia with capital raising


Matt O'Sullivan Virgin Australia's three major foreign shareholders will tighten their grip on the airline after backing a $350 million capital raising.


Costly battle with Qantas: Virgin calls for cash

Matt O'Sullivan Virgin has resorted to a $350 million capital raising amid tough operating conditions in the domestic aviation market


Big shareholders tighten grip on Virgin

Virgin Australia

Matt O'Sullivan Virgin calls for cash amid fierce competition, in a move that paves the way for its major shareholders to fully take over the airline.


Angry shareholders give Aurizon first strike over executive pay


Matt O'Sullivan Stinging rebuke despite attempts to allay concerns by making it harder for managers to earn bonuses.


Aurizon dealt first strike over exec pay

Aurizon CEO Lance Hockridge

Matt O'Sullivan Aurizon has received a stinging rebuke from shareholders over its payment of executives, suffering a so-called ‘‘first strike’’ despite it attempting to allay concerns by making it harder for...


Asciano urges fast action on IR laws


Matt O'Sullivan Asciano has called for the Abbott government to forge ahead with a tightening of industrial relations laws - including workers' ability to take protected strike action.


Transurban bids for Sydney tunnel

Sydney cross city tunnel

Matt O'Sullivan Transurban hopes to buy Sydney's failed Cross City Tunnel for about $500 million.


Transurban on way to Cross City Tunnel

Cross City Tunnel.

Matt O'Sullivan Transurban has made a pre-emptive strike in its bid to buy Sydney’s Cross City Tunnel by purchasing debt in the failed asset.


Avalon Airport must diversify after Qantas cuts, says CEO Giddings

An airport worker stands in front of a Jetstar passenger plane at Avalon Airport in Melbourne in this March 19, 2010 file photo. Australia's national carrier, Qantas has moved to expand its Asian business and cut costs by entering into an equal joint venture with China Eastern Airlines Corp Ltd to set up a Hong Kong-based low-cost carrier. 

Matt O'Sullivan Lindsay Fox-owned airport concedes need to diversify after maintenance base closure.


McAleese Transport persists with float despite Cootes truck crash

mark rowsthorn  AFR  100825  photo Louise Kennerley  Mark Rowsthorn CEO Asciano presenting their 2010 full year results  job #133349

Matt O'Sullivan Company renews attempts to raise $166 million from large investors over the weekend.


Virgin Australia CEO John Borghetti's pay too high, CGI Glass Lewis warns

John Borghetti, CEO of Virgin Australia Group of Airlines, addresses the Waypoint 2013 conference in Canberra on Wednesday 6 November 2013.
Photo: Alex Ellinghausen

Matt O'Sullivan Adviser rebukes Virgin's board for what it described as 'high levels' of pay for chief executive.


Air NZ to fly Dreamliner from Auckland to Perth

Air New Zealand.

Matt O'Sullivan Airline's Perth-Auckland run will raise the level of competition facing Qantas on trans-Tasman routes.


Rapid-transit system needed: Virgin

Virgin aircraft.

Matt O'Sullivan Virgin Australia is pushing for Sydney Airport to build a rapid-transit system between its terminals.


Macquarie exits airport stake

Qantas planes at Sydney Airport.

Matt O'Sullivan Macquarie ends an 11-year tie that has led to it reaping hundreds of millions of dollars in fees.