voluntary administration

Aviation

Agent confidence “of paramount importance”: Virgin Australia bidder to honour pre-paid tickets

by Huntley Mitchell

Agents who sold pre-paid tickets for flights with the beleaguered airline have been given a much-needed shot in the arm by one of its bidders.

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Aviation

Virgin’s administrators still yet to name final two suitors following surprise bid

Virgin Australia’s administration process is starting to resemble Bathurst’s famous Mount Panorama racetrack, given the number of twists and turns.

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Aviation

Administrators shortlist Virgin bidders, as Velocity point redemptions resume

by Huntley Mitchell

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.

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Aviation

Federal govt mocks Queensland’s “laughable” Virgin bid, as Rex eyes capital city flights

by Huntley Mitchell

The Queensland government has thrown its hat in the ring to bid for Virgin Australia, as the deadline for non-binding offers draws closer.

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Aviation

Virgin update: Administrators deny borrowing $200m, travel credit and refund pause, US legal action + MORE

by Huntley Mitchell

We’ve got so much juicy Virgin Australia news for you that we’ve basically dedicated a whole wrap to it.

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Aviation

HERE WE GO: Deadline set for Virgin Australia offers, as 20 suitors flag their interest

by Huntley Mitchell

With Virgin Australia’s administrators holding the first meeting of creditors today, more suitors for the beleaguered airline have come out of the woodwork.

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Aviation

Virgin update: Suitor made move 18 months ago, administrators seek help and Velocity joins creditor list

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.

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Tourism

Three local travel companies collapse under the weight of COVID-19

by Huntley Mitchell

The tough operating environment facing the travel industry has proven too much for three Australian companies.

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Aviation

Virgin update: Creditors owed $6.8bn, suitor’s “Team Australia bid” and Scurrah’s CEO challenger

There have been quite a few interesting developments in the administration process of Virgin Australia, as the airline’s future hangs in the balance.

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Aviation

REVEALED: Deloitte’s seven-point pitch to Virgin suitors

Virgin Australia’s administrators have put together a list of reasons why prospective buyers should take over the embattled airline. Unsurprisingly, none of them mention its $5 billion debt pile.

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Aviation

Travel industry reacts to Virgin’s move into administration

While it wasn’t necessarily a shock when Virgin Australia announced this morning it had entered into voluntary administration, the move has still prompted a response from various players in Australia’s travel industry.

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Aviation

IT’S OFFICIAL: Virgin Australia enters voluntary administration

by Huntley Mitchell

After much speculation and deliberation, Virgin Australia has announced it has entered voluntary administration after failing to strike a deal with the federal government.

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