airline

Tuesday, September 22

Turbulent flight for struggling airline

Virgin Australia’s new US owner will slash jobs in a bid to keep the struggling airline afloat. But those familiar with private equity firms know the airline’s future is uncertain even after the pandemic passes, argues Mark Melatos.

Virgin Australia's new owner to axe 3000 jobs, shut down Tigerair

About 3000 jobs will go at Virgin Australia under a trimmed-down vision of the carrier, which has been hit by the turmoil in the aviation market caused by the coronavirus pandemic.

Photo: Tony Lewis/InDaily

Private equity firms shortlisted to buy Virgin Australia

Four private equity firms are the leading candidates to buy Virgin Australia, the biggest regional casualty of the coronavirus crisis in the global aviation industry.

19 potential buyers for embattled airline

Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11.

Virgin still flying Adel-Melb route as administrators move in

Virgin Australia is continuing to operate six flights a week between Adelaide and Melbourne, as the stricken airline begins the administration process.

Crash landing: Virgin enters administration

Troubled airline Virgin Australia has entered voluntary administration after the debt-laden business was crippled by coronavirus restrictions, with up to 15,000 jobs left up in the air.

Virgin Australia to slash jobs after seventh straight loss

Virgin Australia says it will cut 750 corporate and head office positions as part of a restructure after posting a “disappointing” full-year loss of $349.1 million.