News
A week after axing its Adelaide to Kangaroo Island route, country airline Regional Express will soon launch Adelaide-Melbourne flights in a bid to challenge Qantas and Virgin Australia on more big-city routes.
Business
Qantas has suffered a $100 million hit to its first quarter earnings after several states closed their borders in July in response to Victoria’s coronavirus outbreak.
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About 3000 jobs will go at Virgin Australia under a trimmed-down vision of the carrier, which has been hit by the turmoil in the aviation market caused by the coronavirus pandemic.
Four private equity firms are the leading candidates to buy Virgin Australia, the biggest regional casualty of the coronavirus crisis in the global aviation industry.
Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11.
Virgin Australia is continuing to operate six flights a week between Adelaide and Melbourne, as the stricken airline begins the administration process.
