We can’t promise this week’s Aviation Wrap is all good news, but at least Rex shareholders and Velocity Frequent Flyers have something to cheer about.

Unfortunately, Travel Weekly’s editor won’t be able to take advantage of this sweet new offer after spending all of his Velocity points on a new sandwich press and a Fitbit.

The administrators of Virgin Australia have whittled down the number of suitors after spending the weekend mulling over all the non-binding offers. Find out who they are here.

As the administrators and creditors of Virgin prime themselves for tomorrow’s meeting, there’s been a juicy mix of revelations and updates in the days leading up to it.

Were you hoping to redeem some of your Velocity points to purchase a new toaster or some bed linen? Well, we’ve got some bad news.

Following a drop of 10.3 per cent in the carrier’s share price, Virgin Australia’s Wednesday open was at a 10-year low.

Karl Schuster will be shedding a tear or two over his impending departure, as he prepares to kiss goodbye unlimited Velocity Frequent Flyer points and free stays on Sir Richard’s private island.

Addicted to news about frequent flyer programs? Well, get ready to jab yourself once more with this.

This Aviation Wrap is full of sales, new products and even a couple of big milestones. Call it a fruit salad, if you will.

The battle for frequent flyer supremacy continues apace, with Virgin’s Velocity announcing a giveaway so huge that it might sway Alan Joyce to become a member.

Were you only just raving about Velocity’s low carrier charges? Well, prepare to start ranting after reading this.

Meanwhile, Travel Weekly’s editor has exuberantly forked out $7 for a macadamia milk latte this morning. He now has no money for lunch.