Equivalent of 53 planes grounded
Equivalent of 53 planes grounded
Virgin desires to keep away from employees redundancies as a lot as attainable
Provides particulars, background on Qantas
SYDNEY, March 18 (Reuters) – Virgin Australia Holdings Ltd VAH.AX mentioned on Wednesday it might droop all worldwide flying from March 30 to June 14 and lower its home capability in half due to authorities journey restrictions and decrease demand due to the coronavirus.
Australia’s No. 2 airline will floor the equal of 53 plane from its fleet, together with all of its widebody jets.
“We’ve entered an unprecedented time within the world aviation business, which has required us to take important motion to responsibly handle our enterprise whereas balancing traveller calls for and supporting the wellbeing of Australians,” Virgin Chief Government Paul Scurrah mentioned in a press release.
“Wherever attainable, we’ll goal to keep away from redundancies by fast-tracking…