Virgin Australia to add seven more planes as demand rises

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* There will be 84,737 ng, which is less than the pre-pandemic 85

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*Target 1/3rd share in the domestic market

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* Bain Capital-owned airline Qantas, Rex. competes against

SYDNEY, Nov 18 (Businesshala) – Virgin Australia said on Thursday it would add seven more Boeing Company 737 NG planes to its fleet, restoring it to nearly pre-pandemic levels, so that a third of Australia’s territory would be covered. to help achieve the target. Domestic travel market.

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Australia’s second-largest airline said letters of consent would give it a fleet of 84 737 NGs, just shy of the 85 it operated before entering voluntary administration last year and handed back many of its planes to lessors.

The carrier, now owned by US private equity group Bain Capital, competes in the domestic market against Qantas Airways Ltd and Regional Express Holdings Ltd (Rex), which is beginning to recover as states open their borders.

“This fleet growth underscores our confidence in the future of our business and industry,” Virgin Australia Chief Executive Gene Hrdlica said in a statement. “Vaccination rates are rising, borders are opening up, and demand is coming back.”

The airline said all employees will be back to work by next month and will recruit another 600 roles across the business. Many employees were put on unpaid leave due to lack of demand.

Qantas will bring back all employees by next month at a time when it has reported a surge in bookings as states open their borders.

Rex this week announced plans to start flights on the high-traffic Sydney-Brisbane and Melbourne-Brisbane routes from next month.

Rex said it would offer one-way fares as low as $69 ($50.16) as a challenge to mid-market Virgin Australia and Qantas’ low-cost unit Jetstar. ($1 = 1.3757 Australian Dollar)

Reporting by Jamie Freed. Editing by Gary Doyle

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