The airline blamed “rising supplier costs, high airport fees and intensified competition in the region” for the shock move but insisted the aircraft would help support its domestic fleet renewal program.
Liquidator Ernst & Young (EY) Australia, which was called in after the airline collapsed in May, said domestic flights will be back “in the short term”, with no timing as of yet for the return of international operations.
In an internal memo to Virgin staff obtained by Australian Aviation, outgoing CEO Jayne Hrdlicka said the airline had made roughly $236 million in profit off the back of $2.8 billion in revenue in the six months to December 31, and had carried nearly 4…
The airline blamed “rising supplier costs, high airport fees and intensified competition in the region” for the shock move but insisted the aircraft would help support its domestic fleet renewal program.