KONTAN.CO.ID - SINGAPORE. Virgin Australia Holdings said on Tuesday it would delay taking the first deliveries of Boeing Co 737 MAX jets for nearly two years to reduce capital spending and give it time to be satisfied with the model's safety. New chief executive Paul Scurrah, who started his role five weeks ago, said the agreement with Boeing to delay the planned arrival of around 15 planes would give the carrier greater spending flexibility and could boost its credit rating. "It was certainly the first priority I walked into the business with when I got here," he told Reuters of the order delay in a phone interview.
Virgin Australia to delay taking Boeing 737 MAX jets to cut spending
KONTAN.CO.ID - SINGAPORE. Virgin Australia Holdings said on Tuesday it would delay taking the first deliveries of Boeing Co 737 MAX jets for nearly two years to reduce capital spending and give it time to be satisfied with the model's safety. New chief executive Paul Scurrah, who started his role five weeks ago, said the agreement with Boeing to delay the planned arrival of around 15 planes would give the carrier greater spending flexibility and could boost its credit rating. "It was certainly the first priority I walked into the business with when I got here," he told Reuters of the order delay in a phone interview.