Virgin Australia establishes cargo unit as Toll Holdings switches to Qantas

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Virgin Australia is to form a new cargo arm on July 1 after losing its contract with Toll Holdings, which had previously managed its belly space. Toll shifted its exclusive deal to Qantas, which now has three of the largest customers in the domestic market, TNT, Australia Post and now Toll (now owned by Japan Post), which has signed a five-year deal. As a result, the airline has said it will manage its own cargo capacity in its regional, domestic ...