The Virgin Australia Group (ASX:VAH) grounds international fleet - Sequoia Direct Pty Ltd

18MarMarch 18, 2020

The Virgin Australia Group (ASX:VAH) grounds international fleet

The Virgin Australia Group (ASX:VAH) has today announced they will suspend all international flying for a period of two and a half months in response to the new travel restrictions announced by Government.

This will be from 30 March to 14 June 2020.

There will also be further cuts to domestic capacity in response.

Temporary grounding of the equivalent of 53 aircraft from the Group’s fleet.

They will work to bring Australians home and returning visitors back to their point of origin safely.

Wherever possible, we will aim to avoid redundancies by fast-tracking measures such as the use of accrued leave, leave without pay and redeployment.

Shares in The Virgin Australia Group (ASX:VAH) are trading 4.76 per cent higher at 7 cents.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

20NovNovember 20, 2019

Westpac Group (ASX:WBC) see the start of civil proceedings by AUSTRAC

20 Nov 2019 - Westpac Group (ASX:WBC) has this morning received a statement of claim from AUSTRAC, starting civil proceedings in relation to alleged contraventions of Westpac’s obligations under the AntiMoney Laundering and Counter-Terrorism Financing Act.

24DecDecember 24, 2020

Cimic Group (ASX:CIM) finalizes 50% sale of Theiss

24 Dec 2020 - Cimic Group (ASX:CIM) has now signed relevant material documentation including financing agreements for the sale of 50 per cent of Thiess, the world’s largest mining services provider.

18JunJune 18, 2020

Turners Automotive (ASX:TRA) NPBT +11%

18 Jun 2020 - Turners Automotive Group (NZX:TRA) delivered an 11 per cent increase in net profit before tax to $28.8 million for the year ended 31 March 2020.

13AprApril 13, 2021

Booktopia (ASX:BKG) inks exclusive partnership with Zookal

12 Apr 2021 - Book e-commerce platform Booktopia (ASX:BKG) has announced its exclusive supplier and fulfillment partnership with Zookal Textbooks.

02DecDecember 2, 2019

Opthea (ASX:OPT) raises $50 million in Institutional Placement

02 Dec 2019 - Biopharmaceutical company Opthea (ASX:OPT) today announced that the company has received commitments from sophisticated and institutional investors in Australia and the United Kingdom to raise $50 million via a private placement.

25FebFebruary 25, 2020

SEEK (ASX:SEK) slashes its dividend

25 Feb 2020 - Employment company SEEK (ASX:SEK) announced its results for the 6 months ended 31 December 2019 showing NPAT of $75.6 million, a decline of 24 per cent from the prior corresponding period of $99 million.

04AugAugust 4, 2021

Stocks of the Hour: BWP Trust, GUD & ALE Property

04 Aug 2021 - A snapshot of some of the news that broke today featuring BWP Trust (ASX:BWP), GUD (ASX:GUD), ALE Property (ASX:LEP)

22NovNovember 22, 2019

Mayne Pharma (ASX:MYX) sales down 1 per cent

22 Nov 2019 - Mayne Pharma (ASX:MYX) report sales for Financial Year 2019 are down 1 per cent to $525.2 million.

17AugAugust 17, 2020

Bendigo and Adelaide Bank’s (ASX:BEN) net profit drops 49%

17 Aug 2020 - Bendigo and Adelaide Bank (ASX:BEN) reported a 49 per cent drop in financial year 2020 statutory profit to $192.8 million. Earnings per share fell 50.6 per cent to 38.1 cents.

06AprApril 6, 2021

Cleanaway Waste Management (ASX:CWY) proposed acquisition of Suez Australia

06 Apr 2021 - Cleanaway Waste Management (ASX:CWY) has entered into an agreement with Suez to acquire Suez R&R Australia for $2.52 billion.