Winning bid ‘blew them out of the water’
Bain Capital is going to inject $600m cash into Virgin Australia to help get things up and running.
Virgin Australia
Virgin sale drama highlights retail bonds
The twists in the Virgin rescue deal shows the difference between private investors holding bonds over shares when trouble hits.
Bain signs Virgin deal after shock Cyrus exit
Bain Capital has signed a deal to buy Virgin Australia hours after rival Cyrus made the shock announcement it was withdrawing its bid.
More mayhem to come for Virgin?
Virgin’s bondholders now have an incentive to create some mayhem. Alan Joyce is more than willing to help.
‘Deep pockets, very committed’
Before rival Cyrus pulled out of the race for Virgin, Bain was wooing key stakeholders and readying plans for a major shakeup.
Qantas sackings don’t augur well for Virgin staff
The question for Virgin’s 9000 staff is not if jobs will be lost, but how many will be shed in the inevitable restructuring.
Virgin bonds proposal ‘deserves to be taken seriously’
An alternative rescue plan for Virgin Australia marks a milestone for the private investor bond market.
Does Virgin’s future rest on Singapore Inc?
With Singapore Airlines’ fierce Qantas rivalry, don’t be surprised to find Singapore Inc playing a major hand in reviving Virgin.
Virgin bidders sweeten pot for employees
The US firms vying to become Virgin Australia’s new owner are pulling out all stops for employees as decision day looms.
New plan to get Virgin flying again
Virgin’s bond holders propose pumping an upfront $800m into the embattled airline under a plan that could halt its sale.
TWU wants Virgin bidder staff offers ‘in writing’
Words will need to be backed up by written commitments and conduct in the future, says TWU’s national secretary.
ACCC watching skies to protect Virgin
The competition watchdog will monitor domestic airline routes in a move to protect a rebooted Virgin Australia.
Virgin Australia bondholders belting it out with administrator
The bondholders are unsecured creditors owed $2bn and are arguing that could be converted into equity.
Ministers fume over Virgin salvage plans
Morrison government ministers are privately furious with the administrators trying to salvage Virgin Australia.
Bain opens up on Virgin plans
Bain Capital would retain Paul Scurrah as CEO, invest in consumer experience technology, and continue to service the corporate market.
Unions back Cyrus in Virgin buyout battle
Two key unions have named their preferred new owner of Virgin Australia in an effort to pressure administrators Deloitte.
Cyrus may call on Macquarie
Cyrus Capital Partners could ask Macquarie Group to inject equity into its bid for Virgin Australia.
Sobering thought: Will airline alcohol be a COVID casualty?
Carriers including Qantas, Virgin Australia and Air New Zealand now offer only bottled water on domestic flights.
Airline bonds ‘as safe as bank hybrids’
Fixed-income investors look at companies in a very different light to share investors.
Passengers shun international flights
New airline data shows international carriers are regularly flying to Australia with as few as 20 passengers.
Original URL: https://www.theaustralian.com.au/topics/virgin-australia/page/28