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Briefs

AVIATION

AVIATION

Tiger flies to Perth

Tiger Airways resumes flights to Perth next week, its first since its safety ban. The airline now flies Melbourne-Sydney, Melbourne-Brisbane and Melbourne-Gold Coast services.

RELIANCE RAIL

Trial date due

Reliance Rail and the two insurers it is suing in the Supreme Court will find out their trial date on September 16. Syncora and FGIC have claimed Reliance has broken a number of contractual obligations.

PRIVATE EQUITY

Hospital deal

Archer Capital has received commitments from four banks for a $200 million five-year term loan to be used to help fund its purchase of Healthe Care Australia, the country's third largest private hospital operator.

TENDER

Darwin prison

A consortium of Baulderstone, part of Lend Lease's infrastructure business, and Sitzler Pty Ltd has been named preferred bidders to build an 800-bed prison in the Northern Territory, outside of Darwin, due for completion in 2014.

RECEIVERSHIP

Pubs purchase

The Compass Hotel Group's portfolio of 12 hotels and bottle shops in Perth are to be sold to the Woolworths-backed ALH Group, following an agreement reached with receivers Taylor Woodings, who were appointed to the company in March.

PROPERTY

Ingleburn purchase

The NSW government has bought the former Ingleburn army camp site in south-west Sydney, as part of the promised south-west rail link. The 300-hectare site will also be used to develop land for almost 3000 new homes as part of Landcom's Edmondson Park development.

RARE EARTHS

Lynas in BASF deal

Lynas Corporation has signed a new long-term supply agreement with BASF for the supply of rare earths to be produced at the Lynas Advanced Materials Plant in Malaysia.


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