administration

Aviation

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.

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Aviation

Virgin Australia directors resign in droves

by Huntley Mitchell

Bain Capital is wiping the slate clean at Virgin, with many more departures announced.

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Aviation

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.

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Aviation

Virgin Australia boss Paul Scurrah to exit, replacement revealed

Numerous reports of Paul Scurrah’s imminent departure from Virgin Australia have finally been confirmed.

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Travel Agents

STA Travel placed into liquidation

by Huntley Mitchell

Administrators of the collapsed travel company have confirmed the inevitable, with the likelihood of a return to creditors not looking all that promising.

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Aviation

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.

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Aviation

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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Aviation

Virgin’s administrators reveal sale price to Bain, after rogue bondholders retreat

by Huntley Mitchell

The administrators of Virgin Australia have issued their all-important report to creditors, which fails to mention the number of late-night Uber Eats orders made by Vaughan Strawbridge and his team.

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Travel Agents

STA Travel customers and creditors get the lowdown from administrators

by Huntley Mitchell

Customers and creditors of the collapsed STA Travel have been filled in on the company’s dire financial state by its locally-appointed administrators.

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Travel Agents

STA Travel files for insolvency

by Ali Coulton

The global pandemic has signalled the end for another travel company, with STA Travel unable to pay its bills.

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Aviation

Virgin Blue co-founder and former execs back bondholders’ bid for Virgin Australia

Yes, there’s been yet another juicy development in the race to own Virgin Australia. All is revealed here.

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Aviation

Tigerair scratched, thousands of jobs cut and a simplified fleet: Virgin Australia’s six-point blueprint for success

Have you been wondering what the hell Virgin and its future owner have been up to as the administration process nears the finish line? All is revealed here.

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