Hot on the heels of Virgin Blue's recent profit upgrade, aviation watchers are seeing positives for the airline from American Airlines' and British Airways' success this week in winning tentative permission from the US Department of Transportation to deepen their trans-Atlantic alliance, pooling flights into London's Heathrow Airport.

HOT on the heels of Virgin Blue's recent profit upgrade, aviation watchers are seeing positives for the airline from the success of American Airlines and British Airways in winning tentative permission from the US Department of Transportation to deepen their trans-Atlantic alliance, pooling flights into London's Heathrow Airport.

THE truce between Kerry Stokes and James Packer that sees Stokes' Seven group take two seats on the board of Packer's Consolidated Media group is both a recognition of reality and an instalment in a longer game.

THE truce between Kerry Stokes and James Packer that gives Stokes's Seven Network two seats on the board of Packer's Consolidated Media is both a recognition of reality and an instalment in a longer game.

Privatisation rumours drive shares in CMH and Crown higher.