Matt O'Sullivan

Matt O'Sullivan

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

Aviation

Virgin and Qantas argue over capital raising and unequal regulation

Qantas

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...

Aviation

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

Borghetti

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...

Aviation

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.

Aviation

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...

Aviation

Airlines tighten grip on Virgin Australia with capital raising

Virgin.

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

Aviation

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

Airlines

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.

Transport

Angry shareholders give Aurizon first strike over executive pay

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

Transport

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...

Transport

Asciano urges fast action on IR laws

PORTS GENERIC

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.

Transport

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.

Transport

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.

Aviation

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. 
   REUTERS/Mick Tsikas/files    (AUSTRALIA - Tags: TRANSPORT BUSINESS)

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

IPO

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.

Aviation

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.

Aviation

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.

Aviation

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.

Aviation

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.

Macquarie investors to get airport shares

The Macquarie Group Ltd.

Matt O'Sullivan Macquarie Bank will finally walk away from Sydney Airport after deciding to offload its cornerstone stake, ending an 11-year tie that helped it reap hundreds of millions of dollars in fees and...

Aviation

Qantas stumps up $60m to help Jetstar Japan fly higher

Qantas and Jetstar Airbus.

Matt O'Sullivan Weaker yen pushes up airline's fuel bill and its plans to establish a second base delayed.