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Billionaires ignite tourism space race
Virgin Galactic’s private suborbital flight is a milestone in the commercialisation of space, writes Louis Brennan.
Virgin Galactic’s private suborbital flight is a milestone in the commercialisation of space, writes Louis Brennan.
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.
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UPDATED | Virgin Australia has reportedly filed for voluntary administration as it’s overwhelmed by massive debt brought on by the coronavirus lockdowns.
Qantas and Virgin will get federal government backing to operate key domestic routes between major cities and regional centres after coronavirus restrictions crippled the aviation industry.
Virgin Australia is set for a big full-year loss after announcing its restructure will cost as much as $450 million.