Virgin Australia has confirmed it has entered voluntary administration - making it Australia's first big corporate casualty of the coronavirus … About 3000 Virgin staff to lose jobs as airline unveils future plans. Virgin Australia Blog posts.Virgin Australia Blog posts.Virgin Australia Blog posts.Virgin Australia Blog posts.Virgin Australia Blog posts. Move will create jobs and bring extra flights to the state's key regional areas, Cameron Dick has said. Virgin Australia is set to soar again, this time under the ownership of US-based global investment giant Bain Capital, which will pay a multi-billion dollar bounty to buy the airline, bail out its debt and reboot the challenger onto a new course. News Virgin Australia creditors give green light for Bain sale. To improve your experience. The future of Virgin Australia remains in limbo, after the Federal Government held firm against Virgin Australia’s pleas for a $1.4 billion bailout despite the airline being on the brink of collapse. The increased flexibility — the airline had previously offered it for travel until March 31 — is available for bookings made by March 31 under a revised […] But it reveals Virgin Australia doesn’t intend to re-enter these markets once they resume short-haul international flying. You can follow this process to see how to change or cancel your Virgin Australia flights. Virgin Australia chief executive John Borghetti will not renew his contract post January 2020, giving the company ample time to recruit an incoming CEO. "Virgin lost a … Administrators have formally sold Virgin Australia to US Private equity firm Bain Capital after a second meeting of creditors was held this morning. By 9News Staff . Parent company Virgin Australia decided to permanently rest the brand, leaving Australia with just one low-cost airline. The historic occasion was marked with Brisbane-based flight carrier Virgin Australia taking off from the new runway, with 170 passengers onboard a flight to Cairns. Queensland's decision to open its borders to all of New South Wales and Victoria will trigger a wave of passenger jets, travellers and cash into the state. Prior to joining Virgin Australia, Moksha was Vice President, Corporate Affairs and Sustainability at the Arnott’s Group. The sale of failed airline Virgin Australia edged closer today, after a small group of "well-funded" investors were shortlisted. It was mostly a domestic carrier, but also flew to New Zealand, Bali, Fiji, Tokyo and Los Angeles. Related Topics A Virgin Australia flight bound for Canberra is forced to return to Adelaide Airport, following a mid-air medical emergency involving a crew member. Earn travel credits when you spend $20,000 or more on eligible flights If Virgin Australia is forced to go into voluntary administration, it could cost 16,000 people their jobs, Labor claims. An online portal for press releases, breaking news and media from Virgin Australia Virgin Australia is reportedly set to cut flight routes across regional Australia as part of its rebuilding project. If you board one of the few Qantas domestic flights in Australia, you won't have a neighbour. Fully fund employee entitlements Virgin Australia is today launching a 12-hour comeback sale – with one travel expert admitting holidaymakers will need to balance COVID-19 concerns and any possible future border closures when buying tickets. January 18, 2021 January 18, 2021. Business Breaking News. Your web browser is no longer supported. Virgin Australia airline seeks bankruptcy protection 22 Apr, 2020, 12.30 AM IST. Virgin Australia has gone into voluntary administration due to impact of the coronavirus pandemic, the airline announced on Tuesday. by Greg Rose. Virgin Australia. Virgin announces free flight changes amid snap border closures, Government confirms elderly, sick get virus vaccines first, Flight bungle duo return second negative COVID-19 test, Skies open for cash-starved Queensland tourism sector, What the new Virgin Australia will look like, Aviation boss rubbishes dire outlook, predicts boom time ahead, Virgin Australia's CEO resigns from airline, Qantas, Virgin, Helloworld launch public plea to lift Queensland borders, Breaking news and updates Australia: September 12, 2020, Breaking news and updates Australia: September 11, 2020, Budget carrier Tigerair officially shuts down, Virgin slashes regional flights under new owners, Bain Capital becomes new owner of Virgin Australia, Virgin Australia to cut 400 roles from Queensland as part of airline scale-back, Virgin Australia passengers expected to be given travel credits under new owner, Virgin axes Tigerair: What remains for Australia's low-cost airlines, About 3000 Virgin staff to lose jobs as airline unveils future plans, Virgin Australia to encourage all passengers to wear masks onboard flights, Victorian passengers to wear masks on Virgin flights under new COVID-19 measures, Cheap flight deals launched in Western Australia – but borders to remain shut, Queensland's new $1.1b runway opens with stunning air spectacle, Virgin offers 500,000 cut-price fares to Queensland in bid to stir up business, Airline staff enlisted to work in Melbourne's frontline quarantine hotels, Virgin holding 12-hour sale on flights starting today, More 'affordable' flights as new rival takes on Qantas, Virgin, Virgin Australia buyer commits to saving 'as many jobs as possible', American private equity firm likely to buy Virgin Australia after rival bidder pulls out, Virgin Australia to boost domestic flights next month despite administration, Virgin passenger tests positive for COVID-19, Coronavirus updates: Full day coverage of Monday May 18, 2020, Virgin buyers whittled down to secret, deep-pocketed few, Coronavirus updates - Full day coverage of Friday 15 May 2020, Queensland treasurer defends $200m Virgin Australia bid, Calls for Federal Government to consider Virgin bid after Queensland offer, Coronavirus updates: Full day coverage of Wednesday May 13, 2020, Queensland Government announces bid to buy Virgin Australia, Richard Branson to sell Virgin Galactic shares, Mass redundancies after Virgin Australia sale, analyst warns, Regional NSW mayor tips town as new Virgin Australia hub, British Airways on brink of cutting 12,000 jobs, Virgin Australia planes blocked by bulldozers over unpaid debts, Coronavirus updates - Full day coverage of Wednesday 22 April 2020, Australian airports face indefinite shutdown threat over fallout from Virgin collapse, Coronavirus updates - Full day coverage of Tuesday 21 April 2020, Virgin boss declares airline is 'not collapsing' as investors circle, Coronavirus updates - Full day coverage of Monday 20 April 2020, Virgin bailout could cost less than JobKeeper payment, Qantas flights ditch middle seat for social distancing, Virgin offered $200m lifeline from Queensland government, The abandoned Soviet nuclear missile base hidden in a Polish forest, 'Gutted' teammates mourn man killed in shark attack off SA coast, 'Evidence' UK virus variant may be more deadly. Support us ... Virgin Australia serves instant noodles to business class passengers. British Airways may be forced to cut more than a quarter of its workforce as the coronavirus pandemic takes its toll on one of Europe's biggest airlines. Virgin to use shell company loophole to sidestep foreign ownership cap Virgin Australia might be firmly in the hands of US private equity firm Bain Capital, but its long-suffering Australian investors have not walked away as empty handed as previously believed. Perth Airport officials and Virgin Australia are locked in a stand-off, with a bulldozer blocking in one of the airline's jets. Bottom line. News & Advice. Discounted Virgin Australia Lounge Memberships and offers year-round. Leading the pack is David Marr, Woolworth’s chief operating officer, who joins Virgin Australia as its chief financial officer next month. Virgin's administrators have taken control of the company and will try to work out a way to save either the company or its business. 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