Virgin Australia paid Sir Richard big bucks to continue use the Virgin brand name. “Several of the new appointments replace contractors or … Virgin Australia has become the first major Australian airline in history to exit voluntary administration and has unveiled its future direction under the leadership of new CEO and Managing Director Jayne Hrdlicka. Andrew Forrest and Richard Branson are a colourful pairing as Virgin Australia suitors – but Branson has $200 million reasons to talk to all comers. Virgin Australia has lured some high-profile executives to form a team that boss Jane Hrdlicka says will be hard to beat and will make the airline Australia’s most loved. If you have booked a Virgin Australia flight, cancellations will depend on a few different factors. CANBERRA: Virgin Australia announced on Tuesday it had entered voluntary administration, seeking bankruptcy protection after a debt crisis worsened by the coronavirus shutdown pushed it into insolvency. Bottom line. Branson courts field in Virgin Australia dance. Earn travel credits when you spend $20,000 or more on eligible flights The coronavirus pandemic is responsible for the worst aviation crisis imaginable but Virgin will continue to operate, CEO Paul Scurrah says. A public health alert has been issued in Queensland after a man, believed to be a fruit picker, travelled on two domestic Virgin flights before testing positive for COVID-19. Hong Kong (CNN Business) Virgin Australia has collapsed into administration, one day after billionaire founder Richard Branson made a last-ditch … Hunt for Qantas passengers after positive case; NT pubs, gyms, salons reopen; Hints at return to domestic travel. Parent company Virgin Australia decided to permanently rest the brand, leaving Australia with just one low-cost airline. National. Virgin Australia has extended fee-free booking flexibility for travel until June 30 in a bid to give customers spooked by Australia’s domestic border closures more peace of mind. Virgin Australia’s administrators Deloitte entered into a sale agreement with Boston-based global investment firm Bain Capital on June 26, 2020, to purchase the airline for an undisclosed sum, according to local news outlets. Virgin Australia has lured some high-profile executives to form a team that boss Jane Hrdlicka says will be hard to beat and will make the airline Australia’s most loved. Receive monthly progress reports from a dedicated account management team. If you are … Virgin Australia will become a "mid-market" airline complete with three levels of in-cabin seating under a new plan unveiled by the airline's new CEO. Administrators have formally sold Virgin Australia to US Private equity firm Bain Capital after a second meeting of creditors was held this morning. Travellers who have tickets with Virgin Australia are expected to be given credit to use with them until the middle of 2023. Previously the airline only required the use of masks on flights leaving Victoria, as per government regulations. Police arrest 14 at Melbourne anti-lockdown protest; Victoria records 37 new cases, six deaths; hairdressing and pet grooming to return; NSW records six cases, Andrews says curfew is working, confirms different' Christmas ahead; Ten new cases in NSW; 43 new cases, nine deaths in Victoria. The future of Virgin Australia remains in limbo, after the Federal Government held firm against Virgin Australia’s pleas for a $1.4 billion bailout despite the airline being on the brink of collapse. News Virgin Australia announces new leadership team. An American private equity company is likely to purchase Virgin Australia after a rival bidder pulled its offer for the crippled airline. Virgin Australia said in a statement they are yet to receive a formal complaint about Ms Bampton's experience, but are trying to contact her. Struggling airlines Qantas and Virgin Australia are on the cusp of boom time with news a coronavirus vaccine is close, an aviation boss has predicted. Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic. 19 November 2020. Virgin Australia is expected to go into voluntary administration after state government crisis talks failed to raise enough money to keep the airline flying. Virgin Australia has launched a massive flight sale starting today - with some fares to popular destinations as low as $69. Virgin Australia in crisis talks over fate of airline; NRL CEO Todd Greenberg stands down; NZ to ease lockdowns; Myer rehire 2000 staff. Virgin Australia. Move will create jobs and bring extra flights to the state's key regional areas, Cameron Dick has said. "Virgin lost a … The Queensland Government has announced it will bid for ownership of embattled airline Virgin Australia in what it calls "Project Maroon". Virgin Australia will give away 20 million free Velocity points in an attempt to incentivise travellers to book flights as state border restrictions are touted to ease over the coming week. Now we have a new vision: to revolutionise air travel again, this time across all market segments. Mr Marr has spent the […] Qantas 2:22pm Nov 11, 2020 Virgin Australia's CEO resigns from airline Administrators formally sold Virgin Australia to Bain Capital after a second meeting of creditors was held in September. Discounted Virgin Australia Lounge Memberships and offers year-round. Australians will have three coronavirus vaccines to choose from next year, Australia's Acting Chief Medical Officer Paul Kelly has claimed. The latest breaking news, comment and features from The Independent. Virgin Australia has shrugged off the limitations of COVID-19 and cash to assemble a high-calibre, new-look executive team to rebuild the airline, alongside chief executive Jayne Hrdlicka. China hits back at Australia over virus enquiry; NSW schools return date announced; 700 cases of COVID-19 left in Australia; Virgin Australia bidders want stricken airline; Aussies conned by pandemic puppy scam. Jetstar – operated by rival airline Qantas – now remains the only low-cost carrier operating out of Australia. The US private equity firm set to become the new owner of failing airline Virgin Australia said it intends to protect as many jobs as possible. Save 10% on select domestic and international flights. If you choose not to accept cookies, please refrain from using the Virgin Australia website. Virgin Australia 737 business class. News National Virgin Australia on brink of collapse as government refuses to buy stake in airline 6:25am, Apr 21, 2020 Updated: 4:14pm, Apr 25 The New Daily @TheNewDailyAU News. Richard Branson has agreed to sell shares worth around AU$765 million in his Virgin Galactic space business to raise funds for his struggling airline and leisure businesses. Leading the pack is David Marr, Woolworth’s chief operating officer, who joins Virgin Australia as … The frequent flyer... Velocity Frequent Flyer members invited to claim their share of 20 million Velocity... Lisa Burquest, Chief People, Safety and Sustainability Officer, The a2 Milk Company... Virgin Australia announces change fee-free flights for bookings made on or before 31... Velocity Frequent Flyer Discover Gold Status offer extended until 4 January 2021... Virgin Australia has today announced the introduction of a new Regional Fares Program... 09 December 2020: Virgin Australia Group has announced it has reached an agreement with... • Virgin Australia rewards Velocity Frequent Flyer members for their loyalty and... • More than 60,000 fares from just $75 will go on sale today (Thursday) from 11am-11pm... • Virgin Australia flights from Victoria and New South Wales to Queensland near... • Resumption of interstate services between Melbourne-Gold Coast and Melbourne-Sunshine... Velocity Frequent Flyer gifts members 20 million points. Virgin Australia has cut prices on more than half a million fares to Queensland in a bid to fill planes and reinvigorate business for local tourism operators. True extent of UK death toll emerges; Scott Morrison talks with Bill Gates about WHO; Third death at Sydney nursing home. As of Jan. 19, 2021, members will be able to earn and redeem points on flights operated by Virgin Australia, which has undergone some especially dramatic changes during the pandemic. Virgin Australia has gone into voluntary administration due to impact of the coronavirus pandemic, the airline announced on Tuesday. Virgin Australia is offering Velocity Frequent Flyer members a slice of 20 million velocity points. Virgin Australia has unveiled a series of new flight discounts amid a flurry of interstate border restrictions impacting travel plans for thousands of Australians. Les membres Aéroplan pourront échanger leurs points contre des vols dans tout le réseau. Virgin Australia will reportedly collapse into voluntary administration after the embattled airline failed to find a financial backer. Virgin Australia is today launching a 12-hour comeback sale – with one travel expert admitting holidaymakers will need to balance COVID-19 concerns and any possible future border closures when buying tickets. Given the airline doesn’t currently fly there, that’s not exactly news. Virgin Australia has told staff about 400 Queensland roles will be made redundant as part of the airline's restructure. An aviation analyst has predicted mass redundancies at Virgin Australia and a future where the failed airline has even less frills than Jetstar, the Qantas low-cost carrier. Both airlines have struggled to cope with an unprecedented downturn in domestic travel and bans on international travel due to the pandemic. Virgin Australia’s headquarters are in Brisbane. Market performance, analysis and stories on Virgin Australia Holdings Limited ASX: VAH. Virgin entered voluntary administration on Wednesday and is seeking to rapidly recapitalise the airline so it can restart operations as Australia’s second domestic carrier. Virgin's administrators have taken control of the company and will try to work out a way to save either the company or its business. If you board one of the few Qantas domestic flights in Australia, you won't have a neighbour. Virgin Australia entered voluntary administration, but the government was rejecting calls for any bailout. Virgin, like Qantas, pulled down the shutters on its lounge network on March 23 in accordance with broad-ranging Federal Government restrictions that also locked down indoor venues such as cafes, restaurants and bars, pubs and clubs, gyms … Virgin… The move came after the Australian government refused Virgin’s request for a 1.4 billion Australian dollar ($888 million) loan. Latest Stories. News & Advice. 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