Virgin Blue

Flight routes will be shared between Virgin Australia (ASX:VBA) and Singapore Airlines, Virgin announced yesterday in a trump move against Qantas. Virgin and SIA signed an agreement that would join Virgin's routes with Singapore Airline's network.

As part of its new fare scheme, Virgin Australia (ASX:VBA) is offering flyers the privilege to cancel their flights up to 24 hours after its scheduled departure. According to a spokesman, the move is part of the airline's plan to boost availability of all fare types to meet customer complaints that the cheaper fares sell too quickly.

As part of a move to boost sales, Virgin Australia (ASX:VBA) streamlines its fare types to three. The new fares are called saver, flexi, and premium. For the first time, offers include food in the economy class.

Virgin Australia (ASX:VBA) may include A330 international services to boost its fleet. The airline has two A330s from Emirates to be used for its Sydney-Perth services. Two more aircraft will be acquired and upgraded to suit the airline's new business class.

Two planes will arrive by 2012-13 from Emirates. Chief executive John Borghetti said that with the current plans, it will be operated domestically.

A turnaround by the US department enables Virgin Australia (former Virgin Blue) (ASX:VBA) to expand its network. The company forms an alliance with Delta Airlines to better compete with Qantas on the business travel market.

Airline carrier, Air New Zealand (ASX:AIZ) have bought a stake in Virgin Blue (ASX:VBA) declaring plans to buy up to 14.99% of the company. AIZ have obtained approval from the Australian Foreign Investment Review Board. Neither airline would disclose the exact size of the current stake.

Airline services company, Virgin Blue (ASX:VBA) have had their propsed alliance with Air New Zealand rejected by the Australian Competition and Consumer Commission (ACCC) in a draft report released on Friday as it felt that such a link would lessen competition.

John Borghetti, the newly appointed chief executive of Virgin Blue (VBA) has hinted in his inaugural public address that he is planning to establish joint ventures with the international airlines by following the same format that his company is planning to follow for Delta Air Lines and Air New Zealand. In his statement, Mr.

The shares of Virgin Blue (VBA) fell by as much as 29 percent today as the company reduced its profit forecast by as much as 75 percent as the leisure travel went down at a significant rate. Richard Branson, who holds 26 percent ownership of the company today declared that the pre-tax profit is going to remain within the range of $20 million to $40 million in comparison with the latest guidance of $80 million.