Virgin Australia bondholders urged to sign up for class action
For those unfamiliar with financial lingo, a bondholder is someone that owns a bond distributed by a company, not a fanatic James Bond fan.
Construction halted at W Sydney and Ritz-Carlton Melbourne following Probuild collapse
The construction giant’s parent company has blamed the Australian government’s “hard-line approach of managing Covid-19” for its demise.
One of Australia’s largest hostel groups collapses into administration
Looks like backpackers may need to find somewhere else to play beer pong and fall out of bunk beds after a long night if this business can’t be resuscitated.
Biden rushes to extend US travel restrictions after Trump signs order to lift European ban
Just in case the political climate in the US wasn’t terrifying enough, President Donald Trump has decided to lift travel restrictions for people who have recently been in Europe and Brazil.
New Virgin Australia CEO unveils airline’s future direction, as administrators offer parting remarks
Wondering what Jayne Hrdlicka and Bain Capital really have planned for Virgin now that the airline has taxied its way out of administration? All is revealed here.
Financial reporting and AGM pressure eases for Virgin Australia
The embattled airline has also launched a 20th birthday sale, with fares from just $69, along with a bunch of cheap tickets to and from Melbourne.
Virgin Australia boss Paul Scurrah to exit, replacement revealed
Numerous reports of Paul Scurrah’s imminent departure from Virgin Australia have finally been confirmed.
Virgin Australia to cut 150 head office roles, pauses JV with Delta Air Lines
by Huntley Mitchell
Virgin Australia’s imminent emergence out of administration continues to take shape, with the embattled airline flagging more redundancies.
All over, red rover: Virgin Australia’s creditors approve sale to Bain Capital
by Huntley Mitchell
The inevitable has been confirmed, with Bain Capital getting the tick of approval from creditors.
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