FILE PHOTO: A Virgin Australia Airlines plane is seen at Kingsford Smith International Airport after Australia implemented an entry ban on non-citizens and non-residents due to the coronavirus disease in SydneySYDNEY: Virgin Australia said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.
Virgin is in a financially weaker position than its larger rival Qantas Airways and lacks an investment grade credit rating. Virgin had already cut all international flights except government rescue charters, put most of its workforce on leave and permanently cut all pilots at low-cost arm Tigerair Australia and all crew based in New Zealand.It will continue local and international cargo flights, the airline said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lufthansa CEO says it's seeking state aid in Germany, other countriesFRANKFURT: Lufthansa will seek state aid in Germany, Switzerland, Belgium and Austria as the coronavirus crisis that forced it to ground almost ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lufthansa CEO says it's seeking state aid in Germany, other countriesLufthansa will seek state aid in Germany, Switzerland, Belgium and Austria as the coronavirus crisis that forced it to ground almost all of its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UN delivers 90 tonnes of COVID-19 aid to VenezuelaA plane carrying 90 tons of UN health, water and sanitation aid arrived in Venezuela on Wednesday to help the cash-strapped country fight the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: Indonesia ferry passengers jump ship amid virus fearsJAKARTA (REUTERS) - Several passengers on an Indonesian ferry jumped into the sea and swam ashore after authorities sought to block the vessel docking due to fears of suspected coronavirus cases, as tensions rise over the spread of the disease across the archipelago.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Broker's take: DBS upgrades MLT to 'buy', says it's 'safe harbour' amid virus outbreakDBS Group Research has upgraded Mapletree Logistics Trust (MLT) to 'buy' and adjusted its 12-month target price to S$1.85 from S$1.90, calling the real estate investment trust (Reit) a safe harbour amid the Covid-19 pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia's Treasury Wine, to cope with virus, weighs Penfolds demerger, US cutbackAustralia's Treasury Wine Estates Ltd said it may spin off the prestigious Penfolds label and shrink its low-end 'commercial' division in the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »