medhead
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- Feb 13, 2008
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Just noticed this in Thursday Australia. Seems that VA are going to rationalise the fleet to save costs. Tiger's A320 are out, VA 737s to move over to Tiger as new 737 Max arrive.
Link to article: Nocookies | The Australian
Full text available by googling "virgin to swallow a $450m pill"
This might work as well: Let me google that for you
Virgin Australia will take a one-off $450 million hit to its full-year earnings and sell Tigerair’s entire fleet of Airbus A320 planes as part of its ambitious, three-year cost-cutting program to repair its balance sheet.
Virgin revealed the financial whack and plans to rationalise its aircraft fleet yesterday as it laid bare the terms of its $852m capital raising that would be primarily used to chip away at its mountain of debt.
Link to article: Nocookies | The Australian
Full text available by googling "virgin to swallow a $450m pill"
This might work as well: Let me google that for you