Australia’s Virgin Blue launches long-haul airline
25 July 2007Australian 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
