Valius Venckunas

Rex to expand, take on Qantas and Virgin Australia directly

Australian regional airline Rex announced a plan to launch domestic major city jet operations on March 1, 2021. This marks significant expansion into the realm previously dominated by Australia’s ailing major airlines, Qantas Airways and Virgin Australia....


Gabriele Petrauskaite

The last goodbye: Tiger Airways shuts down

Tiger Airways Australia has officially shut down after parent company Virgin Australia’s new owner Bain Capital decided to cease the brand....


Valius Venckunas

Virgin Australia axes booking change fee, bids on holiday season

Virgin Australia announced that it will temporarily eliminate the booking change fee and allow for unlimited booking changes until January 31, 2021....


Rytis Beresnevicius

Virgin Australia: fewer 737s, uncertain on 737 MAX, twin-aisles

Virgin Australia defined its short-term fleet plans, as the airline plans to operate fewer 737s over the coming months. However, uncertainty follows its Boeing 737 MAX order and any future wide-body order, intended to replace the outgoing A330s and 777s....


Pijus Jauniskis

Virgin Australia’s creditors approve purchase terms by Bain

Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....


Pijus Jauniskis

Bain bids $2.5B on Virgin Australia, Etihad and SIA lose millions

Bain Capital made a $2.5 billion (AU$3.5 billion) bid over Virgin Australia. Under the proposal, Virgin’s unsecured bondholders would be repaid 9% to 13% of their claims. Shareholders, however, will not receive any cashback, including Etihad and Singapore Airlines (SIA) that owned 21% and 20% of Virgin’s shares, respectively....


Pijus Jauniskis

Qantas and Virgin to catch a break with new COVID-19 vaccine?

Australia’s prime minister Scott Morrison announced plans to make a potential COVID-19 vaccine mandatory. Qantas and Virgin Australia may catch a break as the vaccine could open international borders and “return the country to normal life.”...


Pijus Jauniskis

Virgin Australia ends long-haul; shifts to all-Boeing 737 fleet

Virgin Australia’s reorganization plan under voluntary administration includes mass layoffs, fleet recomposition and discontinuation of its subsidiary Tigerair Australia....


Valius Venckunas

Tigerair Australia suspends operations for foreseeable future

Tigerair Australia, low-cost subsidiary of Virgin Australia, has declared the discontinuation of its brand while the parent company will retain its Air Operator Certificate (AOC) to renew operations when the market recovers....


Rytis Beresnevicius

Taking on big boys: Rex to compete with Qantas, Virgin Australia

Regional Express, a domestic airline in Australia, is looking to aim high and compete with Qantas and Virgin Australia for market share in the golden triangle of cities in Australia. Can it possibly do so?...