COVID-19 brought us here: Virgin
Virgin Australia administrator Vaughan Strawbridge is expecting non-binding bids to be pared back to around eight on Friday.
Virgin Australia
All-or-nothing Virgin deal could ‘get political’
Administrators say Virgin will be sold as a job lot and won’t be broken up, as bidders are warned things could ‘get political’.
Money comes calling for Virgin
An Indian billionaire is understood to have hired advisory firm Investec to compete for Virgin Australia.
A peek inside Virgin’s books
A sale memorandum will today reveal to potential bidders just what exactly is up for grabs at the embattled airline.
Virgin sales detail speculation on the radar
The market is buzzing with rumours about what is included in the Virgin Australia sale information memorandum.
Virgin needs more cash before sale
Virgin administrator Vaughan Strawbridge will borrow around $200m to help keep operations afloat.
Perth running out of financial runway
Perth Airport says Qantas and Virgin Australia’s unpaid bills totalling $36m have left it struggling to stay open.
Another day, another downgrade for Virgin
The D rating by S&P Global also reflects Virgin Australia’s filing of a Chapter 15 bankruptcy petition in the US.
Virgin sale by end of June
The first Virgin creditors’ meeting wrapped up in just over an hour, amid reports billionaire Andrew Forrest had emerged as a potential buyer.
‘Strong’ support for pollie pay cuts
Baby Boomers and middle income families want politicians to take a 20 per cent pay cut, according to nationwide survey.
PM right to allow Virgin to crash-land
Taxpayers can be thankful the government is not in the business of picking winners … or losers.
Behind the race to save a fallen airline
An unremarkable building about 5km from Melbourne airport serves as a reminder that some collapsed airlines never die.
Virgin owes $6.8bn, with 10,000 creditors in queue
Administrators have revealed the extent of the huge debt pile that crushed Virgin, including $450m to that’s owed employees.
Virgin must exit international: Eddington
A restructured, back-to-basics Virgin’s exit from international flights should be non-negotiable, says airline veteran Sir Rod Eddington.
Hollow threat on airports
Aviation figures say there are other groups that can keep airports running if Chinese-owned Swissport doesn’t get the $125m rescue it wants.
D-grade Virgin hits rock bottom
Credit rating agency Fitch has downgraded Virgin to the lowest rating possible in expectation of creditors taking a haircut.
CBA keen not to clip Virgin’s wings
There’s $30m in play, and if he’s not careful, CBA’s Matt Comyn might get himself a reputation.
Virgin and Deloitte old friends
Deloitte had been nosing around Virgin for the best part of a year, but things got very serious in April.
Branson’s ‘moment of truth’
With his Virgin brand centred on airlines, travel and tourism, Richard Branson is at the epicentre of the COVID-19 meltdown.
Our nation needs two airlines: Lindsay Fox
The billionaire who nearly rescued Ansett from collapse says the government needs to play a role in the resurrection of Virgin.
Original URL: https://www.theaustralian.com.au/topics/virgin-australia/page/31