jakeseven7
Enthusiast
- Joined
- Sep 9, 2005
- Posts
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The future of one of Australia’s major airlines is up in the air, with industry chatter growing louder that the aviation brand could be axed.
Virgin Australia may be forced to shut down its Tigerair low-cost offshoot to stem its bottom line losses and turn the parent company around, an investment manager has said.
Last month, Virgin Australia’s newly minted chief executive officer announced cutbacks to both its Virgin and Tigerair routes and a reduction in its fleet.
Virgin still denying this - but interesting speculation about a 'Virgin Light' possibility.... maybe a Resurrection of Virgin Blue??
Full story:
www.news.com.au
Virgin Australia may be forced to shut down its Tigerair low-cost offshoot to stem its bottom line losses and turn the parent company around, an investment manager has said.
Last month, Virgin Australia’s newly minted chief executive officer announced cutbacks to both its Virgin and Tigerair routes and a reduction in its fleet.
Virgin still denying this - but interesting speculation about a 'Virgin Light' possibility.... maybe a Resurrection of Virgin Blue??
Full story:
Tigerair a ‘drag’ on Virgin Australia’s bottom line
Virgin Australia has hit back at critics questioning the future of Tigerair, saying it “has no intention of shutting its budget carrier”.
www.news.com.au
