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It’s terminal, Tigerair Australia shut down for good by Virgin Australia

By |2020-09-11T08:12:08+10:00September 11th, 2020|Aviation, Daily News|

Virgin Australia (VAH) has finally killed off its low-cost carrier Tigerair Australia, according to multiple media reports. The carrier, which has been grounded since late April, was originally going to be mothballed by VAH and resurrected when travel recovered post-COVID . But in a customer email obtained by Yahoo Finance, More ...

Qantas $2.7 billion loss due to “near total collapse of travel demand”

By |2020-08-20T14:28:05+10:00August 20th, 2020|Aviation, Daily News|

Qantas Group today reported a statutory loss of $2.7 billion for the year to June 30 - the "most challenging period" in the airline's 100 year history. The massive loss is entirely due to the impact of COVID-19. Until the virus hit, Qantas was doing well, posting a $771 million More ...

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Emirates Australia cuts local workforce by 40 per cent

By |2020-08-17T09:47:12+10:00August 12th, 2020|Aviation, Daily News|

Emirates Australia has cut 40% of its local workforce - making up to 50 staff redundant at the end of July, Travel Trends can exclusively reveal. The redundancies - part of a global cull by the carrier - have impacted employees in support, finance, human resources, airports and commercial. The More ...

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Sydney Airport to raise $2bn as business struggles with COVID

By |2020-08-12T16:26:13+10:00August 12th, 2020|Aviation, Daily News|

Sydney Airport is raising $2 billion to pay down debt and increase liquidity during the toughest period in its history. The company revealed that passenger numbers during the second quarter were down 96.6% over the previous corresponding period, contributing to a $53.5 million loss for the half year to June More ...

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Virgin ditches Tigerair Australia, cuts workforce, opts for Boeing 737 fleet

By |2020-08-05T15:50:35+10:00August 5th, 2020|Aviation, Daily News|

Virgin Australia will, under the pending ownership of Bain Capital, cut its workforce from 9000 to 6000, eliminate low cost carrier Tigerair Australia, move to an all-Boeing 737 mainline fleet and shift to a new technology platform, CEO Paul Scurrah announced today. Scurrah said the failed airline, currently in administration, More ...

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