Virgin Australia says it will double domestic capacity by early July as state border restrictions ease and demand grows, joining rival Qantas in adding a significant number of flights. Virgin, the country’s second-biggest carrier, entered voluntary administration in April, owing nearly $7 billion to creditors, but has been flying a limited government-supported network during the…
THE VIRGIN AUSTRALIA FLEET SITS IDLE AT AIRPORTS. When Virgin Australia Holdings Ltd went into voluntary administration towards the end of April a casualty of the COVID-19 pandemic members of Virgin Australias Velocity Frequent Flyer program may have thought that their points were safe. Velocity Frequent Flyer Pty Ltd (VFF) is a distinct company from…
THE company who had expressed interest in the proposed Kingaroy coal mine went into voluntary administration yesterday. The Moreton Resources board of directors appointed Deloitte Financial Advisory’s Grant Sparks and David Orr as administrators of the group. An urgent assessment of the group’s business and financial position will be undertaken to determine the business’ future…