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BRIEF-Virgin Australia Says To Restructure Its Boeing 737 Max Aircraft Deliveries

Published 30/04/2019, 08:48 am
© Reuters.  BRIEF-Virgin Australia Says To Restructure Its Boeing 737 Max Aircraft Deliveries
VAH
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April 30 (Reuters) - Virgin Australia Holdings Ltd VAH.AX :

* ANNOUNCES CHANGES TO ITS BOEING 737 MAX ORDER

* REACHED AN AGREEMENT WITH BOEING TO RESTRUCTURE ITS BOEING 737 MAX AIRCRAFT DELIVERIES

* HAS RESTRUCTURED ITS ORDER BOOK, DEFERRING DELIVERY OF ITS FIRST BOEING 737 MAX AIRCRAFT FROM NOVEMBER 2019 TO JULY 2021

* GROUP TO ALSO CONVERT AN ADDITIONAL 15 OF ITS 737 MAX 8 AIRCRAFT ON ORDER TO 737 MAX 10S

* VIRGIN AUSTRALIA GROUP WILL TAKE DELIVERY OF ITS FIRST 737 MAX 10 AIRCRAFT IN 2021 WITH FIRST 737 MAX 8 SCHEDULED TO ARRIVE IN 2025

* RESTRUCTURE RESULTS IN A SIGNIFICANT DEFERRAL OF CAPITAL EXPENDITURE

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