Bain Capital have announced their plans for Virgin Airways
Bullet Points of announced changes:
Focus on delivering exceptional experiences at great value with Virgin Australia’s core domestic and short-haul international business
Virgin Australia to provide customers with the value of travel credits post administration with validity dates extended for bookings made prior to administration
Resetting Virgin Australia to meet lower global and Australian demand, including:
Reduction in cost base to meet sector uncertainty and COVID-19 market conditions
Securing approximately 6,000 jobs when the market recovers with 3,000 roles impacted
Simplified all-Boeing 737 mainline fleet and the retention of the regional and charter fleet, but removing ATR, Boeing 777, Airbus A330 and Tigerair Airbus A320 aircraft types
Long-haul international flying important part of plan but suspended until global travel market recovers
Tigerair Australia brand discontinued with Air Operator Certificate (AOC) and necessary support maintained to provide option for ultra-low-cost operations when market recovers
Continued commitment to regional and charter flying.
Continuation of Velocity Rewards Program
On Affected workers:
The 3000 Virgin Australia employees who will leave the airline have been promised a special photo signed by Richard Branson and Paul Scurrah to commemorate their time at the airline.
"On Affected workers:
The 3000 Virgin Australia employees who will leave the airline have been promised a special photo signed by Richard Branson and Paul Scurrah to commemorate their time at the airline."
hahahaha - this can't be real, can it..?
I know I shouldnt laugh with all the job losses but that is quite a statement to make