For those unfamiliar with financial lingo, a bondholder is someone that owns a bond distributed by a company, not a fanatic James Bond fan.

The construction giant’s parent company has blamed the Australian government’s “hard-line approach of managing Covid-19” for its demise.

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.

The company has specialised in adventure travel since 1987, offering more than 400 escorted group tours and tailor-made trips in over 70 countries.

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.

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.

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

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.

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

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

Virgin Australia’s imminent emergence out of administration continues to take shape, with the embattled airline flagging more redundancies.

The inevitable has been confirmed, with Bain Capital getting the tick of approval from creditors.