Business
Virgin Australia may lose deposit on Boeing 737 MAX order – Executive Traveller
Virgin’s new owners Bain could already have written off its first many millions.
Virgin Australia could write off its deposit on a $2.5 billion order for Boeings troubled 737 MAX jets, the first of which was due to be delivered in July 2021.
The airline placed its multi-billion dollar order for 48 of Boeings next-generation workhorse in 2012 under former CEO John Borghetti, who believed the MAX’s lower running costs and greater fuel efficiency compared to the 737-800 series would sharpen Virgins competitive edge against Qantas.
However, in a signal that the MAX may find no…
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