Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

How Australian airlines are preparing for a post-COVID rebound

Published

on

Australia’s second largest airliner, Virgin Australia has added a further nine new jets to its fleet, as the airline expects a rebound in the Australian domestic travel market

The airline, like others around the world, has been significantly impacted by restrictions caused by COVID-19 – including battling multiple state border closures.

But the future is looking bright, Virgin anticipates a rebound in the travel market by summer as Australia’s vaccination rollout picks up pace.

Virgin Australia will ad 9 new Boeing 737-800 aircraft to its fleet

The airline confirmed that the increased capacity would bring its fleet to 77 planes and help it meet its target of gaining a one-third share of the domestic market, where it currently competes against Qantas Airways and REX Airlines.

“These extra aircraft are an important part of our planning and ensure we’re ready to ramp up flying and meet the pent-up demand for domestic travel as soon as the opportunity presents itself,”

Virgin Chief Executive Jayne Hrdlicka said in a statement.
Virgin Australia CEO
Virgin Australia CEO Jayne Hrdlicka

Virgin’s new ownership proving successful:

Under the ownership of U.S. private equity group Bain Capital, Virgin Australia continues to rebuild its fleet of Boeing 737s.

The airline emerged from voluntary administration last year and handing back many of its planes to lessors.

Is recovery building in Australia’s travel sector?

The recovery in the Australian domestic aviation market has been greatly impacted by recent lockdowns in states such as New South Wales and Victoria.

Those restrictions are affecting more than half of the country’s population right now, which have resulted in airlines having to cut capacity and idle thousands of workers without pay.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Six strategies to build a six-figure property portfolio

Published

on

Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

Continue Reading

Money

Experts reveal how to spot investment-grade properties

Published

on

Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

Continue Reading

Money

Tricks of the trade: how to navigate market volatility with confidence

Published

on

Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Continue Reading

Trending Now