Reports suggest fate of Virgin Australia CEO hangs in balance

Virgin Australia chief executive Paul Scurrah can be replaced in the nearest future due to disagreements with airline’s owner Bain Capital, reports suggest....


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....


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....


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....