Virgin regional arm battles US parts maker
Virgin Australia’s administration is not the only drama facing the carrier, with a bizarre court case being played out in the US.
Virgin Australia’s administration is not the only drama facing the carrier, with a bizarre court case being played out in the US.
The stoush between Virgin Australia’s new owner and bondholders has taken an ugly twist as accusations fly.
Virgin Australia’s bondholders have pulled their proposal for the airline, but warned they may be back.
Virgin Australia’s sale to Bain Capital is a done deal, the Federal Court has found.
Virgin Australia’s $200m handout from the Queensland government could be pulled if Jayne Hrdlicka is on the board.
Virgin Australia cannot afford for the sale to Bain Capital to be disrupted, chief executive Paul Scurrah has told employees.
Given bondholders are unwilling to commit funds to a rival offer for Virgin, the game seems just to get a higher farewell payment.
Bondholders have revealed the ‘dream team’ advising their audacious bid to derail the sale of Virgin Australia.
Bondholders boast of heavyweight backing in their battle to derail the sale of Virgin Australia to Bain Capital.
Bondholders have gone to court to try to have their proposal for Virgin Australia voted on by creditors.
Virgin Australia employees facing the axe have been urged by a key union not to vote against the sale to Bain Capital out of spite.
The lack of flying opportunities has not stopped frequent flyers earning and redeeming billions of points.
Virgin’s bondholders would get back up to 67c in the dollar under an ambitious rival proposal put to the airline’s administrators.
Richard Branson is still seeking a role in a relaunched Virgin Australia despite Virgin Atlantic’s struggle to survive.
Virgin Australia will retain its network of domestic lounges in its post-administration relaunch and could even keep its super-luxurious “The Club” to keep VIPs happy.
Whatever the truth of Bain’s internal processes, the talk of Virgin going back to its roots have been quietly dropped.
Virgin reborn with strong balance sheet and a full service model serving both business and leisure travellers.
Virgin Australia will cut at least a third of its workforce and kill off its Tigerair brand in an effort to resurrect the failed airline.
Frank Calabria believes digital transformation can help win customer trust, and give Origin an edge over its rivals.
Virgin will cut a third of its workforce, simplify its fleet and scrap Tigerair as international routes remain on hold.
Original URL: https://www.theaustralian.com.au/topics/virgin-australia/page/26