, In December 2010, Virgin Blue entered into alliances with Etihad Airways and Air New Zealand for code-sharing, reciprocal lounge and frequent flyer access and other co-operational projects.  In April 2019, the airline deferred deliveries and converted 15 MAX 8 orders to the larger MAX 10 variant. What's New. Deliveries were scheduled to be completed in 2017.  Both aircraft have since been withdrawn from the Virgin Blue fleet. It and certain of its employees won five 2009 service excellence awards of the Customer Service Institute of Australia. Virgin Australia Holdings Limited is engaged in the operation of a domestic and international airline business, and the operation of a frequent flyer program. Virgin Australia Holdings Limited is an Australian airline holding company based in Brisbane. However, after the collapse of its domestic competitor Ansett Australia, it began a codeshare agreement with United Airlines. In 2006, in an effort to compete with Qantas, Virgin Blue started exploring these relationships, forming frequent flyer agreements with Emirates, Hawaiian Airlines and Malaysia Airlines.  However, there are no changes being made to which flights are being operated. Each aircraft in the Virgin Australia livery (some were painted in Pacific Blue livery for cross-promotional reasons) also features a "virgin girl" as nose art, complete with a wide-brimmed Aussie hat, trailing an Australian flag. While Etihad’s dealing with its own financial struggles, another airline failure, after Jet Airways, would look quite disastrous. It also placed in the top 3 for the previous five years, including a top spot in 2011. Virgin Australia Holdings Ltd's creditors voted on Friday in favour of the purchase of Australia's second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. V Australia was a long-haul international airline owned by Virgin Australia Holdings that commenced operating on 27 February 2009. The other major shareholders invested only this decade. V Australia later launched flights to Nadi, Phuket and Johannesburg (all of which were discontinued prior to the brand being absorbed into Virgin Australia, although Virgin Australia continued to operate to Phuket until 2015, and still operates to Nadi), and Abu Dhabi to consolidate Virgin Blue's codeshare agreement with Etihad Airways. SYDNEY • Bain Capital's resurrection of collapsed airline Virgin Australia Holdings faces mounting legal opposition as bond holders rally to derail the takeover and salvage some of their debt. SUB-INDUSTRY. Deliveries of the MAX 10 were to begin in 2022. , As the airline started operations, it decided to place its head office in the Brisbane area. Find out more at Intelligent Investor  Since being named as best low-cost airline in the Asia/Pacific region in the Skytrax 2002 Airline of the Year Survey, the airline has been voted best airline in a number of different categories and by a number of different organisations. RED featured an extensive video on demand library that includes new release film, TV series and TV programmes. In early 2005 Patrick launched a hostile takeover for Virgin Blue. Issue, Issuer, Yield, Prices, Payments, Analytical Comments, Ratings This was phased out in 2016 and replaced by "The Business" Suite offered on its A330 fleet. Deloitte was appointed Voluntary Administrator of Virgin Australia Holdings Limited and subsidiaries on 20 April 2020. Australia. , As an employer, Virgin Australia was recognised as the most attractive employer in Australia in 2015 at the annual Randstad Award. In addition to the new name, branding and livery, the airline also showed off its new flagship the Airbus A330 with new domestic business class. ", "Virgin Australia and Hainan Airlines launch codeshare", "Hong Kong Airlines and Virgin Australia to Launch Codeshare Partnership", "Virgin Australia Fleet Details and History", Virgin Blue Orders Embraer E-Jet Aircraft, "Embraer Receives New E-Jets Order From Virgin Blue" – Virgin Blue Media Release, Virgin Blue takes delivery of its first Embraer E-170 airliner, "Australia's New International Airline Takes Off", "VBA Financial Result for Full Year Ended 30 June 2011", "Virgin Blue and Skywest to team up on regional routes | Australian Aviation Magazine", "Virgin Blue's new ATR72s to arrive from May", "Virgin Australia announces further capacity increases to meet demand", "Virgin on the unfaithful for frequent Queensland flyers", "Virgin to fly to and from Bundy, Qantas welcomes competitor", https://www.executivetraveller.com/news/virgin-australia-airbus-a330-boeing-777, "Virgin Australia's Embraer era comes to an end, accepts last 737NG delivery", "Australia's Virgin Blue to buy 105 new Boeing planes", "Virgin Australia orders 23 Boeing 737 Max aircraft – Chicago Tribune", "Virgin converts 737-800 orders to the MAX", "Boeing Welcomes Virgin Australia as Newest 737-MAX-10 Customer", "Virgin Australia delays Boeing 737 MAX order, adds more MAX 10s", "Virgin commits to the 737 MAX but reduces its order", "Virgin Australia's freighter aircraft take off", "Ex-European BAe 146/Avro RJ Regional Jetliners Find New Homes and Applications", "Virgin Australia nets $150 million TNT freight deal", "Complimentary food on all flights across the Australian domestic network", "Virgin Australia to Provide Inflight Movies, Music via On-Board WiFi", "Virgin Australia launches Wi-Fi on international flights", "Virgin Australia to offer free inflight Wi-Fi on domestic flights", "Virgin Australia Lounge Membership Prices", "Velocity Frequent Flyer reaches four million members", "Virgin Australia's new Global Wallet travel money card", "2015 Annual Freddie Awards (27th) Results", "Disabled man settles lawsuit with Virgin Blue", "Virgin Blue off song in bias against older women", "Equal Time Newsletter of the Anti-Discrimination Board of New South Wales", "Virgin faces court action over wheelchair access", Virgin Blue fined over email marketing | News | Business Spectator, "Virgin Blue fined $110k over emails – The West Australian", Seat swap outcry moves Virgin to think again, Virgin policy change after male passenger was moved away from children, "Jetstar and Virgin taken to court for drip-pricing tactics", "ACCC takes action against Jetstar and Virgin for drip pricing practices", Timeline of Richard Branson's business ventures, Timeline of the COVID-19 pandemic in New Zealand, https://en.wikipedia.org/w/index.php?title=Virgin_Australia&oldid=1002034953, All Wikipedia articles written in Australian English, Articles containing potentially dated statements from January 2021, All articles containing potentially dated statements, Articles with unsourced statements from June 2019, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, In 2003, a man with a disability and having incomplete. In October 2014 Virgin took full control of Tigerair for one dollar. Skywest Airlines (Australia)-Wikipedia. Originally founded in 2000 as Virgin Blue, Virgin Australia now operates an extensive network of domestic services and international services from its main hub at Brisbane Airport. One promoted a brand of men's razor, the other a Queensland Government campaign to attract businesses to the state. – Virgin Blue Press Release, "A "V" Good Partnership – Virgin Blue And Vietnam Airlines Sign Interline Agreement", "Virgin Blue to add two further A330s in 2012 | Australian Aviation Magazine", "In Virgin Blue-Etihad alliance, it's old friends re-united", "Air New Zealand – Virgin Blue Alliance application 2010", "Govt approves Air NZ – Virgin Blue alliance", "Delta, Virgin Australia Welcome Final DOT Approval of Trans-Pacific Alliance – 10 June 2011", "Virgin Blue signs up for open skies to the US", "Bye Brett! Sorry, no quarterly data is available at this time. Virgin Australia Can Manage Coronavirus Liquidity Pressures over the Short Term. Alongside the entry-level "red" status, frequent travellers were given the opportunity to attain "silver" and "gold" status, each with its own set of benefits. The company operates through Virgin Australia Domestic, Virgin Australia International, Velocity, and Tigerair Australia segments. RELATED STOCKHEAD STORIES. , On 15 October 2020, as a result of numerous restructuring measures by Bain Capital, Virgin Australia CEO Paul Scurrah announced that he would resign. This strategy changed with the introduction of a second type into the fleet. New billboard advertising was launched, showcasing Virgin Blue's variety of products and on-time performance records. Virgin Australia Holdings, the airlines holdings company which owns and operates Virgin Australia Airlines and Tigerair Australia, had its stock price plunged below AUD 10 cents for the first time ever. Since its inception, Virgin Blue had sponsored many sporting teams in a bid to promote its brand. This came shortly after the unveiling of new crew uniforms and business-class seats. In November 2006, Virgin Blue announced plans to purchase 11 Embraer 190 and three Embraer 170 aircraft with options for six more E-jets, which later became orders for an additional three E170s and three E190s. Patrick had been unhappy for some time with the company's direction. The turboprops would supplement the existing Embraer E-190s and replace the E-170s, which would be phased out due to their being uneconomical on the routes operated by Virgin. In this section, we usually try to help investors determine whether Virgin Australia Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. The Administrators signed a binding agreement for the sale of the business to Bain Capital on 26 June 2020, with completion of the sale to occur by either execution of DOCAs and transfer of shares in Virgin Australia Holdings Limited (VAH) to Bain Capital, or asset sale agreement involving the transfer of the business and assets into a new corporate structure and placing the existing Companies into …  The deal also created a codeshare partnership between Virgin Australia and Chinese airlines in which HNA Group holds shares, on routes between Australia and China. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … Destination guides were available. In November 2007, the airline announced an agreement with Garuda Indonesia, offering easy transfer from a domestic Virgin Blue flight to an international Garuda Indonesia service departing from Perth, Melbourne, Sydney or Darwin. … , On 11 April 2013, Virgin Australia Holdings completed its acquisition of regional airline Skywest Airlines. Virgin Australia is also the official sponsor of the National Basketball League (NBL), and the title sponsor of NBL team the Brisbane Bullets. In 2006, Virgin revamped the lounge facilities and re-launched the product as The Lounge, which offered all-inclusive facilities on a membership fee or casual fee basis. As the e-jets already have four-abreast seating, the number of seats on these aircraft remained unchanged after the rollout of premium economy. A number of factors impacted the financial performance for the 2013 financial year, including the difficult economic and competitive environment, significant one-off pre-tax restructuring and transformation costs and the carbon tax. This service was offered on coast to coast services between Perth and Brisbane, Melbourne or Sydney. The number of points required to redeem an award seat directly corresponds to the current fare of that seat, allowing any seat currently available to be redeemed. There was no fee for use.  On flights between the East Coast and Perth, and all international flights, complimentary hot meals and beverages are offered to all Economy passengers. Install. It also gave Virgin access to terminal space without which growth would have been significantly limited. , At its inception in 2000, Virgin Blue did not have interline or marketing alliances with other airlines. Virgin Australia started life in 2000 as Virgin Blue, closely affiliated with Branson’s Virgin Group. , By October 2016, Air New Zealand was no longer a Virgin Australia shareholder after selling its remaining 2.5 percent stake for A$65.7 million to investors including the Nanshan Group. Receive two complimentary Velocity Pilot Gold memberships when reaching $2,000. Before it's here, it's on the Bloomberg Terminal. The airline said its bailout proposal was "subject to approval by the Virgin Australia Holdings board and the Australian Government" and "may or may not include conversion to equity in certain circumstances". , On 14 April 2020 Virgin Australia Holdings was granted a trading halt on the Australian Securities Exchange pending a company announcement or to start trading again on 16 April 2020. New seating was installed in the first three rows of the cabin. In September 2003, Pacific Blue was set up to offer a low-cost service between New Zealand and Australia. Virgin Australia's Boeing 777-300ERs and Airbus A330-200 aircraft's in-flight entertainment RED was based on the Panasonic eX2 system. This was the fourth consecutive Freddie Awards that Velocity won. The second-biggest airline in Australia is 90 per cent owned by foreign shareholders. , The airline has won a number of awards since its inception. Virgin Australia Holdings Limited (VAH) Overview.  In 2016, the airline reached an agreement with V8 Supercars to rename the annual motorsport series to the Virgin Australia Supercars Championship starting 1 July. Virgin Blue also has an Interline Agreement with Regional Express Airlines for travellers to and from smaller regional centres in the eastern states of Australia, and operates its own two routes with Virgin Australia Regional Airlines in Western Australia. , On all domestic flights and on short-haul international routes, a buy on board service with additional food and drinks available for purchase was offered from a separate menu by Luke Mangan which included a gourmet range of snacks, meals and beverages.  The regional fleets of Airbus A320s, ATR 72-600s and Fokker 100s will not be rolled out with internet Wi-Fi access.. The program reached 4 million members by the end of 2014.. The bondholders left stranded by Virgin Australia's collapse. Desperate bond investors went into panic mode as the airline fell victim to the pandemic. Names on Virgin Australia aircraft include 'Brissie Lizzie' ("Brissie" being an Australian slang name for Brisbane, and "Lizzie" being slang for Elizabeth), 'Sassy Sydney' (Sydney is a female name as well as the name of Australia's largest city), 'Prue Blue' (incorporating the name Prudence and also a pun on the Australian phrase "true blue", meaning "patriotic"), 'Tassie Tigress' (incorporating both the slang name for Tasmania and the common name for the thylacine) and 'Mackay-be Diva' (a pun on the city of Mackay, Queensland and Makybe Diva, a famous Australian racehorse). Read our latest commentary, opinion-pieces and advice. In October 2005, the airline lost a discrimination case over the age of flight attendants they employed. Stop looking for your boarding pass.  The agreement was rejected by the United States Department of Transportation under United States antitrust law. Receive two complimentary Velocity Pilot Gold memberships when reaching $2,000. Virgin Australia Holdings Limited was founded in 2000 and is based in Bowen Hills, Australia. Skywest was then renamed Virgin Australia Regional Airlines.. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … , On 31 May 2016, Chinese aviation holding company HNA Group agreed to purchase 13% of Virgin Australia Holdings for A$159 million, subject to authorisation from the ACCC, a stake which HNA Group ultimately intends to increase to 19.99%. In 2001, the then Air New Zealand owned Ansett Australia made a buyout offer of $250 million, which was publicly rejected by Richard Branson. The building, with about 13,220 square metres (142,300 sq ft) A-Grade office space, was triple net leased to Virgin Blue. It also cut costs in the past by limiting the number of airports serviced and by operating one type of aircraft, the Boeing 737. In 2011, with the airline's rebranding as Virgin Australia, the airline's slogan was changed to "Now you're flying". , Velocity Frequent Flyer won the 2018 Freddie Awards for program of the year, best elite program, best customer service, and best redemption ability. Jayne Hrdlicka was announced as Scurrah's successor, with Hrdlicka commencing as CEO on 18 November 2020. The Rabbitohs were the first rugby league team Virgin Australia sponsored. The airline further announced its intention to operate Airbus A330 aircraft between Perth and the East Coast, starting in May 2011.  Tiger would continue to operate as a low cost subsidiary for 20 years. , On 16 April 2020, the Federal Government announced it would spend $160 million subsiding a minimum number of services operated by Virgin Australia and Qantas. Business class in-flight entertainment featured a 12.1 in (30.7 cm) touchscreen PTV with AVOD on every seat.  This included the introduction of a new aircraft livery, new uniforms, and new onboard menu options. Virgin Australia Holdings Limited (VAH) Overview. Scale (foreign curr.) Supported currencies include Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), Pound Sterling (GBP), Hong Kong Dollar (HKD), Japanese Yen (JPY), New Zealand Dollar (NZD), Singapore Dollar (SGD), Thai Baht (THB), US Dollar (USD) and South African Rand (ZAR). Pacific Blue has since been rebranded under the Virgin Australia name and livery. On 18 March 2020, Virgin Australia CEO Paul Scurrah announced the grounding of the equivalent of 53 planes due to the ongoing COVID-19 pandemic, effective 30 March. What's New. This allowed United customers to fly from the United States to any of Virgin Blue's Australian destinations that United did not already serve. Two of the largest shareholders in Virgin Australia Holdings is Etihad Airways and Singapore Airlines. Awards and Recognition. 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