Virgin Australia Group announces plan to focus on core strengths, re-establishing itself as an iconi

Key points:

• Plan for a stronger, more profitable and competitive Virgin Australia coming out of voluntary administration

• Focus on delivering exceptional experiences at great value with Virgin Australia's core domestic and short-haul international business

• Virgin Australia to provide customers with the value of travel credits post administration with validity dates extended for bookings made prior to administration

• Resetting Virgin Australia to meet lower global and Australian demand, including:
- Reduction in cost base to meet sector uncertainty and COVID-19 market conditions
- Securing approximately 6,000 jobs when the market recovers with 3,000 roles impacted
- Simplified all-Boeing 737 mainline fleet and the retention of the regional and charter fleet, but removing ATR, Boeing 777, Airbus A330 and Tigerair Airbus A320 aircraft types.
- Long-haul international flying important part of plan but suspended until global travel market recovers
- Tigerair Australia brand discontinued with Air Operator Certificate (AOC) retained to provide option for ultra-low-cost operations when market recovers.
- Continued commitment to regional and charter flying.