Virgin workers ‘face loss of pay and conditions’
Virgin Australia under Bain Capital is shaping up to be a very different workplace for employees and unions are not happy.
Virgin Australia
Bargain flights coming as borders reopen
Jetstar is expected to launch a flash sale between Sydney and Adelaide in the next 24 hours as Australia’s airlines gear up to resume travel to NSW.
Virgin head office jobs face axe
Virgin Australia may axe as many as 150 head office positions, warning its recovery plans have been ‘severely impacted’ by Victoria and ongoing border closures.
Engines prove a headache for Virgin
Virgin Australia’s administrators are facing a massive headache trying to sort out what aircraft parts belong to whom.
Virgin flight deal to beat border woes
Virgin has unveiled a new flight deal it says will reboot the tourism industry and give passengers “peace of mind” over Christmas.
Virgin cuts regional routes as demand shifts
Virgin Australia pulls out of eight ‘under performing’ regional routes as part of a reduced network for the embattled carrier.
Virgin happy to return engines, but at no cost
Virgin Australia’s administrators have returned to court to appeal a ruling on the return of four aircraft engines.
Save of the century after Virgin ‘written off’
Virgin Australia’s rescue has been declared ‘one of the greatest achievements in corporate history’ by CEO Paul Scurrah.
Unions to hold new Virgin owner to account
Creditors vote overwhelmingly in favour of Virgin’s sale to Bain Capital, but union support had already sealed the deal.
Bain to land Virgin as unions agree
Virgin Australia’s creditors meeting is set to confirm Bain Capital as the airline’s new owners with unions pledging their support.
Deloitte demonstrates how to do admin
In the scheme of things, Deloitte’s Vaughan Strawbridge has done a brilliant job.
Sham meeting to seal Virgin sale
Bain Capital should on Friday take formal ownership of Virgin after a creditors’ meting, but the deal was completed weeks ago.
Virgin reads riot act to unions
Virgin Australia’s prospective new owners have warned unions they will not get a say in who is on the airline’s board of directors.
High stakes for next Virgin vote: Scurrah
Virgin Australia CEO Paul Scurrah has warned employees have a lot to lose if the sale to Bain Capital is not voted up next week.
Bain to pay only $700m for Virgin
Deloitte’s fees will total $26.8m, Clayton Utz will get $8.7m and Morgan Stanley and Houlihan Lokey will collect $16m in fees for advisory work.
Costs facing Bain for Virgin
Bain is taking on the risk of the airline actually making it through the pandemic.
Virgin Australia ‘went into a tailspin’
Airline went into a tailspin as a result of drastic government-imposed travel restrictions in response to the coronavirus.
Bond holder takes loss from Virgin Australia
Sydney retiree Bob Allison, said he was “disappointed” to learn he would be losing most of his investment in the airline.
Why Virgin Australia fell to earth
Virgin Australia’s transformation from budget to premium airline set the company on a path to financial ruin, say administrators.
Bain’s offer price for Virgin revealed
A report sets out Virgin Australia’s eye-watering sale price and shows unsecured creditors can expect only up to 13c in the dollar.
Original URL: https://www.theaustralian.com.au/topics/virgin-australia/page/25