March 25 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :
* EXTENDED DOMESTIC CAPACITY REDUCTIONS FROM 50 PER CENT TO 90 PER CENT
* DOMESTIC CAPACITY REDUCTIONS INCLUDE SUSPENSION OF TIGERAIR AUSTRALIA DOMESTIC SERVICES EFFECTIVE IMMEDIATELY.
* ABOUT 80 PER CENT OF WORKFORCE TO BE TEMPORARILY STOOD DOWN.
* SUSPENSION OF TIGERAIR AUSTRALIA FLYING EFFECTIVE IMMEDIATELY
* TO CLOSE ALL VIRGIN AUSTRALIA OPERATED LOUNGES ACROSS NETWORK.
* EXPENSE REDUCTION INITIATIVES INCLUDE FURTHER CUTS TO DOMESTIC AND SHORT-HAUL BUSINESSES AND PAUSING KEY SUPPLIER AGREEMENTS
* GROUP DOMESTIC CAPACITY REDUCTION OF 90 PER CENT & TEMPORARY GROUNDING OF 125 AIRCRAFT
* GROUP'S 90 PER CENT REDUCTION IN DOMESTIC CAPACITY MEANS IT WILL TEMPORARILY SUSPEND SERVICES TO 19 AUSTRALIAN DESTINATIONS
* TO MAINTAIN CONNECTIVITY TO 17 AUSTRALIAN DESTINATIONS IN ORDER TO TRANSPORT ESSENTIAL SERVICES, CRITICAL FREIGHT AND LOGISTICS
* TO TEMPORARILY STAND DOWN ABOUT 8,000 OF COMPANY'S 10,000 STRONG WORKFORCE UNTIL AT LEAST END OF MAY.
* GROUP IS WORKING WITH MORE THAN TWENTY-FIVE PARTNERS TO IDENTIFY SHORT AND LONG-TERM REDEPLOYMENT OPTIONS
* TO COMMENCE CONSULTATION ON PROPOSAL TO CLOSE NZ CABIN CREW AND PILOT BASE & TIGERAIR AUSTRALIA MELBOURNE PILOT BASE