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.

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

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.

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

The hopes of Virgin Australia’s bondholders in blocking the airline’s sale to Bain Capital have been all but dashed following a Federal Court hearing.

Vaughan Strawbridge and his team at Deloitte have updated Virgin’s creditors with some key info ahead of next month’s meeting. Read all the juicy bits from the circular right here.

Travel Weekly’s editor pored over a 15-page document from the Federal Court to deliver you this piece of original reporting. He’s now taking a nap under his desk.

Like a pesky fly you just can’t get rid of, Virgin’s bondholders are back again to try and derail the airline’s sale process.

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

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

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