ALERT Perth Airport blockades Virgin Australia planes

Perth Airport in Western Australia blockaded 4 Virgin Australia planes over $16 million of unpaid invoices. Perth Airport told ABC News that taking the action is standard practice. A spokesperson told ABC, “Maintaining a two-airline system in Australia post-COVID-19 is absolutely essential for the aviation and tourism sectors, and the broader economy. Virgin has significant…

Virgin Australia’s 7-point sales pitch released as potential buyers circle

Virgin Australia’s administrators have released a 7-point pitch, along with a three month sales timeline, as more than ten potential investors express interest in purchasing the embattled airline. Deloitte’s Vaughan Strawbridge, one of Virgin’s administrators appointed following the airline’s entry into voluntary administration earlier this week, has indicated that the recapitalisation process “is about working…

Virgin Australia officially in Administration, continues flights

In a statement to the Australian Stock Exchange, Virgin Australia confirmed confirmed it had placed itself into Voluntary Administration. The statement said the move would enable a recaptilisation of the business. pic.twitter.com/b7xW5NDANo — Virgin Australia (@VirginAustralia) April 20, 2020 Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes from Deloitte have been appointed as the…

Explainer: what’s next for Virgin Australia?

With the confirmation of reports that Virgin Australia is entering voluntary administration earlier this morning, frequent flyers and the Australian public have voiced concern over what lies ahead for the troubled airline. Virgin Australia Holdings Limited, under the strain of around A$5.3 billion in debt and the Australian Government rejecting its requests for $1.4 billion…