Virgin Australia has pushed back its target for resuming short-haul international flights as prospects for a two-way travel bubble with New Zealand appear to be fading.
Virgin Australia has cut its Boeing 737 MAX orders by about half but remains focused on narrowbody operations, signaling that a return to widebody flying is still on the agenda but remains a long-term prospect.
Virgin Australia has emerged from voluntary administration with a new CEO and a revised business model that retains most core elements while making significant adjustments.
Routes analyzes some of the services returning as well as new routes being launched. This week we look at Air Canada’s plans to launch a route to Qatar; Qantas adding Tasmania capacity; and Jazeera Airways returning to Muscat after more than a decade.
Delta Air Lines and Virgin Australia have officially paused their transpacific joint venture, while the latter regroups after the COVID-19 crisis forced it to seek voluntary administration.
Virgin Australia confirmed plans to keep 56 of its Boeing 737s when it exits the administration process, which means it will cut almost 30 aircraft from its narrowbody fleet compared to pre-COVID-19 pandemic levels.
Virgin Australia’s creditors have voted to approve the airline’s sale to Bain Capital, clearing the way for the carrier to emerge from voluntary administration.
Administrators for Virgin Australia are recommending creditors vote to accept a proposed takeover of the company valued at A$3.5 billion ($2.5 billion).
Private equity investor Bain Capital has a seemingly clear run to complete its acquisition of Virgin Australia after the withdrawal of a rival takeover proposal.
