Virgin Australia Group, the parent company of Virgin Australia Airlines, confirmed the resignation of its chief executive Paul Scurrah. The group announced that the new CEO of the struggling airline would become Jayne Hrdlicka, a former boss of budget airline JetStar....
Virgin Australia chief executive Paul Scurrah can be replaced in the nearest future due to disagreements with airline’s owner Bain Capital, reports suggest....
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....
Tiger Airways Australia has officially shut down after parent company Virgin Australia’s new owner Bain Capital decided to cease the brand....
Virgin Australia announced that it will temporarily eliminate the booking change fee and allow for unlimited booking changes until January 31, 2021....
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....
Creditors of Virgin Australia have accepted the terms of purchase previously proposed by Bain Capital (BC), the company reports....
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....
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.”...
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