Aircraft
A$1 Billion Share Issue Heralds Virgin Australia Restructuring
Airline plans to shed all Embraer E190s, portion of ATR fleet
Virgin Australia plans to shed all its Embraer E190s over the next three years. (Photo: Flickr: Creative Commons (BY-SA) by eosdude)
Virgin Australia plans to shed all its Embraer E190s over the next three years. (Photo: Flickr: Creative Commons (BY-SA) by eosdude)

Virgin Australia expects to raise some A$1.01 billion (US$738 million) under a restructuring plan announced on June 15 that would include the removal of its Embraer E190 fleet and a reduction in its ATR turboprops over the next three years.