administration

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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Cruise

“We are truly sorry”: Cruise & Maritime Voyages enters administration

In very sad news, Cruise & Maritime Voyages and its sister companies have collapsed due to the impacts of COVID-19.

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Tourism

Aussie student travel company collapses, leaving thousands in the lurch

A local travel company specialising in educational tours has gone into liquidation, citing COVID-19 and issues with its insurance company as the final nails in the coffin.

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Aviation

The bad news for Virgin Australia’s shareholders

Did you happen to purchase some shares in Virgin right before it collapsed? Continue to regret your investment decision here.

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Aviation

What has Bain got in store for Virgin Australia?

by Huntley Mitchell

After being chosen as Virgin’s preferred bidder late last week, many have been wondering what Bain Capital has planned for the struggling airline.

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Aviation

WINNER WINNER: Bain Capital triumphs in Virgin Australia bidding war

by Huntley Mitchell

Following a comprehensive sale campaign, Virgin Australia’s administrators have chosen its preferred bidder to put forward to creditors.

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