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The Australian govt is still considering Virgin Australia’s request for a bailout, the deputy prime minister said, after the carrier cut schedules further. “We will continue to look at the situation, I will continue to talk to the key stakeholders, Qantas and Virgin,” Michael McCormack said April 12. Virgin Australia said March 31 that it was seeking A$1.4b (US$890m) in financial support from Canberra and its proposal may include the option for the govt to convert any such loan into equity. Asked whether he was open to a loan for the country’s second-largest carrier, McCormack said: “We want a 2-airline sector coming out of this.” However, he added, “We’ve already put a billion dollars on the table.” Even before the coronavirus crisis, Virgin Australia was already struggling, having posted losses for the last 7 financial years. <br/>

Juneyao Air anticipates US$600m in aircraft capital expenditures from 2020 to 2022, outlining its plans around the expected delivery of 32 aircraft during that period in its latest annual report. The carrier is scheduled to receive 9 aircraft per year in 2020 and 2021, comprising 2 Boeing 787s in each period, and 8 aircraft in 2022. Low-cost subsidiary 9 Air will receive 3 aircraft each year in 2021 and 2022. This will result in $200m capital expenditure in 2020, $250m in 2021 and $150m in 2022. In 2019, the carriers received 8 aircraft and phased out 2 from their combined fleet. Juneyao ended the year with 70 Airbus A320 and A320neo family aircraft and 6 787s, while 9 Air had 19 737 jets and 1 737 Max 8. Both carriers plan to remove 5 aircraft from their combined fleet in 2020. <br/>