Ontario Teachers’ Pension Plan and Hastings Funds Management Pty have refinanced A$1.646 billion ($1.54 billion) of loans used to purchase the lease on a Sydney desalination plant, according to data compiled by Bloomberg.
A consortium including Hastings Funds Management Pty and Ontario Teachers’ Pension Plan is seeking to refinance A$1.64 billion ($1.5 billion) of loans used in 2012 to buy a 50-year lease to a desalination plant in Sydney, according to a person familiar with the matter.
Virgin Blue Holdings Ltd. , Australia’s second-largest airline, will scrap New Zealand domestic services as Chief Executive Officer John Borghetti overhauls operations to focus on more profitable routes.
New Zealand, the world’s largest dairy exporter, may receive near-normal rainfall through June, potentially easing the most widespread drought in at least 30 years that’s driven milk-powder prices to a record.
Virgin Blue Holdings Ltd. and Air New Zealand Ltd. won Australian antitrust approval to cooperate on flights across the Tasman Sea after the regulator imposed conditions to allay its earlier objections to the plan.
Air New Zealand Ltd. bought 14.9 percent of Virgin Blue Holdings Ltd., Australia’s second-largest airline, to expand in the continent’s growing air travel market and cement an alliance with the carrier.