Business
Virgin Australia to axe 3000 jobs, sell long-haul jets in relaunch – Sydney Morning Herald
The airline will sack about a third of its workforce, retire its budget Tigerair brand and offload its long-haul international jets as part of a re-launch under its new owner, Bain Capital.
Virgin said it would not turn back into a budget airline but would be the best value carrier in the market, with business class products and lounges in key domestic airports.
The airline said it will maintain an extensive domestic network, with frequent flights between capital cities and flights to holiday destinations and regional centres, as well as a short-haul international network, to New Zealand and possibly Bali and the Pacific Islands.
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