administration

Virgin Australia bondholders urged to sign up for class action

For those unfamiliar with financial lingo, a bondholder is someone that owns…

James Harrison James Harrison

Construction halted at W Sydney and Ritz-Carlton Melbourne following Probuild collapse

The construction giant's parent company has blamed the Australian government's "hard-line approach…

alexandra alexandra

Iconic Sydney venue enters administration

COVID-19 lockdowns and failed lease negotiations have forced one of Sydney's most-loved…

alexandra alexandra

One of Australia’s largest hostel groups collapses into administration

Looks like backpackers may need to find somewhere else to play beer…

alexandra alexandra

UK and Australian-owned tour operator collapses

The company has specialised in adventure travel since 1987, offering more than…

huntley huntley

Biden rushes to extend US travel restrictions after Trump signs order to lift European ban

Just in case the political climate in the US wasn't terrifying enough,…

alexandra alexandra

New Virgin Australia CEO unveils airline’s future direction, as administrators offer parting remarks

Wondering what Jayne Hrdlicka and Bain Capital really have planned for Virgin…

huntley huntley

Virgin Australia directors resign in droves

Bain Capital is wiping the slate clean at Virgin, with many more…

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Financial reporting and AGM pressure eases for Virgin Australia

The embattled airline has also launched a 20th birthday sale, with fares…

huntley huntley

Virgin Australia boss Paul Scurrah to exit, replacement revealed

Numerous reports of Paul Scurrah’s imminent departure from Virgin Australia have finally…

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STA Travel placed into liquidation

Administrators of the collapsed travel company have confirmed the inevitable, with the…

huntley huntley

Virgin Australia to cut 150 head office roles, pauses JV with Delta Air Lines

Virgin Australia’s imminent emergence out of administration continues to take shape, with…

huntley huntley

All over, red rover: Virgin Australia’s creditors approve sale to Bain Capital

The inevitable has been confirmed, with Bain Capital getting the tick of…

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Virgin’s administrators reveal sale price to Bain, after rogue bondholders retreat

The administrators of Virgin Australia have issued their all-important report to creditors,…

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STA Travel customers and creditors get the lowdown from administrators

Customers and creditors of the collapsed STA Travel have been filled in…

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STA Travel files for insolvency

The global pandemic has signalled the end for another travel company, with…

alexandra alexandra

Virgin Blue co-founder and former execs back bondholders’ bid for Virgin Australia

Yes, there's been yet another juicy development in the race to own…

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Sydney’s Carriageworks set to reopen following multi-million-dollar bailout

After staring death in the face, Australia’s largest contemporary multi-arts precinct will…

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“We are truly sorry”: Cruise & Maritime Voyages enters administration

In very sad news, Cruise & Maritime Voyages and its sister companies…

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Aussie student travel company collapses, leaving thousands in the lurch

A local travel company specialising in educational tours has gone into liquidation,…

alexandra alexandra

The bad news for Virgin Australia’s shareholders

Did you happen to purchase some shares in Virgin right before it…

huntley huntley

What has Bain got in store for Virgin Australia?

After being chosen as Virgin’s preferred bidder late last week, many have…

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WINNER WINNER: Bain Capital triumphs in Virgin Australia bidding war

Following a comprehensive sale campaign, Virgin Australia’s administrators have chosen its preferred…

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BOOM! Virgin’s bondholders crash the bidding party with $3 billion proposal

You could sense that something was brewing amongst Virgin Australia’s bondholders, and…

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Agent confidence “of paramount importance”: Virgin Australia bidder to honour pre-paid tickets

Agents who sold pre-paid tickets for flights with the beleaguered airline have…

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Virgin’s administrators still yet to name final two suitors following surprise bid

Virgin Australia's administration process is starting to resemble Bathurst's famous Mount Panorama…

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Administrators shortlist Virgin bidders, as Velocity point redemptions resume

The administrators of Virgin Australia have whittled down the number of suitors…

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Federal govt mocks Queensland’s “laughable” Virgin bid, as Rex eyes capital city flights

The Queensland government has thrown its hat in the ring to bid…

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Virgin update: Administrators deny borrowing $200m, travel credit and refund pause, US legal action + MORE

We've got so much juicy Virgin Australia news for you that we've…

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HERE WE GO: Deadline set for Virgin Australia offers, as 20 suitors flag their interest

With Virgin Australia’s administrators holding the first meeting of creditors today, more…

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Virgin update: Suitor made move 18 months ago, administrators seek help and Velocity joins creditor list

As the administrators and creditors of Virgin prime themselves for tomorrow’s meeting,…

huntley huntley

Virgin update: Creditors owed $6.8bn, suitor’s “Team Australia bid” and Scurrah’s CEO challenger

There have been quite a few interesting developments in the administration process…

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One Ocean Expeditions goes under

Hot off the heels of Excite Holidays' collapse comes news that a…

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