) 737 planes to lessors and financiers as part of a turnaround plan under new owner Bain Capital.
“Once demand returns, it remains our goal to grow our fleet to 75 Boeing 737 aircraft,” the spokeswoman said. Under Bain’s business plan, Virgin plans to cut a third of its workforce and ditch its widebody planes to focus on being a domestic and short-haul international 737 operator competing against Qantas Airways Ltd .
Couldn't help it
Australian airlines at the cutting edge
Nah, that can't be 😒 for those who know nothing about investment firms buying companies that incur expenses (such as benefits or retirement or salaries) - this is investment 101. Or watch Wall Street (the first movie).. on repeat until you get it.
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