Aircraft
Virgin Australia Becomes Short-haul Carrier
London-based Virgin Atlantic hopes creditors will approve its restructuring and recapitalization plan on August 25 as its cash reserves are dissipating.

Virgin Australia is set to become a mainly domestic and short-haul international airline operating an all-Boeing 737 mainline fleet as part of its restructuring under new owner Bain Capital. The overhaul, announced on Wednesday, will result in the loss of 3,000 jobs, about a third of its workforce, and the suspension of its low-cost brand Tigerair Australia.