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With talk of flights resuming over the next couple of weeks, the final two bidders for Virgin Australia are proposing a “hybrid” model for the airline, placing it somewhere between Qantas’ premium offerings and Jetstar’s budget fares.
Jetstar Pacific is set to become a wholly-owned subsidiary of Vietnam Airlines after Qantas confirmed that it intends to offload its minority stake in the carrier “in the coming months”.
The jump meant the carrier is now by far the biggest in terms of passengers carried – with previous number one Qantas slumping from 17.9 per cent to just 2.9 per cent.
Australia’s chief medical officer, Brendan Murphy said short haul airlines present “quite a low risk of transmission”.
As Australia waited for the National Cabinet to announce the return of flying, Alan Joyce seized the initiative early and revealed he’ll hugely increase capacity in July. But will his plan be profitable?
The fight for Virgin is wrapping up, with the two shortlisted bidders left in the running preparing to make their case to both the administrator and to the union.
