Downsizing: Virgin Australia aircraft at Sydney Airport. About 3,000 jobs are set to go as the carrier offloads its fleets of Boeing 777s, Airbus SE A330s and ATR turboprops, as well as low-cost brand Tigerair Australia and its A320s. — Bloomberg
SYDNEY: Virgin Australia Holdings Ltd plans to cut a third of its workforce as part of an overhaul to focus on being a domestic and short-haul international Boeing Co 737 operator under prospective new owner Bain Capital.
Virgin chief executive Paul Scurrah said yesterday the airline was renegotiating costs with lessors and suppliers, as it targets the value-for-money market for business and leisure travellers.
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