Virgin Australia keeping powder dry on Hong Kong details

Virgin Australia plans to lodge its application for a commercial alliance with Chinese shareholder HNA in the coming days with a view to starting nonstop flights to Hong Kong in “mid-2017”. While the airline first raised the prospect of flying to Hong Kong as early as May 2016, there has been little detail … [Read more...]

Virgin Australia defers Boeing 737 MAX deliveries to 2019

Virgin Australia plans to delay the arrival of the Boeing 737 MAX in its fleet until the end of 2019 and extend leases on its its current 737-800NGs amid subdued market conditions. The decision to postpone first delivery of Boeing’s next generation narrowbody, announced on Friday, means some $350 million … [Read more...]

Virgin Australia reports profit decline

  Virgin Australia has reported a drop in profit for the three months to December 31 2016 as weak market conditions hit revenues, prompting the airline group to operate fewer domestic flights. The company said statutory profit after tax for the second quarter of the 2016/17 financial year came … [Read more...]