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Australia’s Virgin Blue launches long-haul airline

25 July 2007

Australian airline Virgin Blue Holdings Ltd said on Wednesday it planned to invest A$70 million ($62 million) in a new long-haul carrier it hopes will be flying on lucrative United States routes by late 2008.

The new airline, called V Australia, still needs U.S. regulatory approval for its plan to operate 10 weekly services between Australia and the United States, which requires changes to existing bilateral air service agreements.

source: Reuters

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