Branson in bid for Virgin 2.0 stake
Richard Branson’s Virgin Group is in talks with Bain Capital to stay involved with Virgin Australia.
Richard Branson’s Virgin Group is in talks with Bain Capital to stay involved with Virgin Australia.
With new, cashed-up owners, Virgin Australia is moving quickly to increase domestic flights to compete with Qantas.
Qantas is on track to eventually come through COVID-19 as a more profitable airline, says Macquarie Research.
Foreign airlines will stop bringing passengers into Melbourne after an Australian government directive.
Virgin Australia’s creditors owed $6.8bn by the airline have been told they should not expect to be repaid in full.
Forget the self-serve buffet. Qantas’s reopened domestic lounges will instead have ‘snacking stations’ and ‘bespoke dishes’.
Virgin Australia’s creditors have been told not to expect to be repaid in full, following the sale agreement with Bain Capital.
With a hard line history at Qantas’ Jetstar, Virgin unions say they don’t want Jayne Hrdlicka to become Virgin’s CEO.
Rex will raise $30m to embark on a new domestic operation flying between Sydney, Melbourne and Brisbane.
From ditching its VIP lounge and $400K celebrity menu to sending planes back, the new Virgin Australia will look very different.
Original URL: https://www.theaustralian.com.au/author/robyn-ironside/page/196