Value of Virgin’s Velocity axed in report clearing way for Bain takeover

The value of Virgin Australia’s frequent flyer scheme Velocity was slashed from $2 billion to $700 million in an independent report allowing Bain Capital to take full ownership of the […]

Deloitte’s call for Virgin emergency cash rejected as liquidity fears rise

The federal government has rejected at least one direct plea from Virgin Australia’s administrator Deloitte for emergency funding, raising concerns it might fall into liquidation before new owners are found.

‘Serious contender’: Queensland government to bid for Virgin Australia as race tightens

The Queensland government has formally entered the race to buy Virgin Australia with a bid to relaunch the collapsed airline and keep it headquartered in Brisbane. 

Virgin suitor Indigo Partners made play for airline 18 months ago

American airline investor Indigo Partners approached three of Virgin Australia’s major shareholders about buying a controlling stake in the airline 18 months ago, in a sign it is a serious […]

Virgin Australia administrators face mammoth task with aircraft owners

Virgin Australia’s administrators face a mammoth task dealing with owners of the collapsed airline’s planes, with one lessor already raising concerns about one of its jets remaining in the sky.