Virgin Australia Reduces Boeing 737 MAX Order, Pushes Back Deliveries

Virgin Australia said on Wednesday it had restructured its order for Boeing Co 737 MAX planes, reducing the number on order to 25 from 48 and delaying the first deliveries by two years to mid-2023, Reuters reported. Australia’s second-biggest airline, now owned by U.S. private equity group Bain Capital, said in a statement it would take 25 of the largest variant, the 737 MAX 10, but not the 23 smaller 737 MAX 8s it had ordered previously. Bain’s purchase of Virgin closed last month, allowing the airline to exit from voluntary administration, Australia’s closest equivalent to U.S. Chapter 11 bankruptcy. Virgin has removed 777 and Airbus SE A330 widebody planes from its fleet, centring its operations around the 737 as part of an effort to cut costs as it repositions as a largely domestic mid-tier airline rather than a full-service carrier. Read more

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