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-   Australia, New Zealand & the Pacific (https://www.pprune.org/australia-new-zealand-pacific-90/)
-   -   Government Loan to Virgin Australia (https://www.pprune.org/australia-new-zealand-pacific/631164-government-loan-virgin-australia.html)

normanton 20th Apr 2020 08:57

The name Virgin will be gone. Can't see the administrators paying Branson a cent.

2020Balance 20th Apr 2020 08:58

So the GDOJ is dead then.

Chad Gates 20th Apr 2020 08:59

Rebirth under the V Australia Brand? Could just use a big off white sticker over the “irgin”

Ollie Onion 20th Apr 2020 09:11

Good luck one and all, I truely hope something better rises from this mess.

DanV2 20th Apr 2020 09:13


Originally Posted by Chad Gates (Post 10756386)
Rebirth under the V Australia Brand? Could just use a big off white sticker over the “irgin”

"Velocity Air"? Paint over the Virgin on the white tail, paint over the "Virgin Australia" on the fuselage and stick the Velocity logo on the fuselage?

John Citizen 20th Apr 2020 09:15

Voluntary Administration

Statement to be made on Tuesday

markontop 20th Apr 2020 09:31

Special comments.
Special comments from failed Howard MP Jackie Kelly “Just a blip”

KRviator 20th Apr 2020 09:33

Didn't take them long to pull their frequent flyer store to stop people redeeming points in a last minute rush!

T-Vasis 20th Apr 2020 09:33

Seven News just announced the 'collapse' a few minutes ago...

Deloitte to handle the admin.

ozbiggles 20th Apr 2020 09:40

This might just show how inept Joyce is.
A government bailout that would have kept VA loaded up with debt that he might need soon too or
A lean aggressive full service carrier operating under a much better financial position.
not since he ran crying like a bitch to the government for a handout has he made such a poor management decision.....time will tell.
Not so good for all the staff, but a lifeline to some?

machtuk 20th Apr 2020 09:41

Tragic, the destruction now begins! RIP VA, you kept the bastards honest (for a while)

tail wheel 20th Apr 2020 09:45

It is not a 'collapse'.

Deloittes have been appointed Administrators.

No announcements have been made regarding the Company operation but until the Administrator makes an announcement, the Company is still trading. I suspect the shareholders, creditors, the Company and the Australian Government will be anxious to explore every avenue to keep the company operating.


Saintly 20th Apr 2020 09:45

So on regards to my query (on page 38) of this thread...looks like i can't get a refund. My flight was PER-MEL-PER in November. I didnt cancel flight and have flight put into credits before announcement was made to have VA put into voluntary administration. Looks like ive lost it all and lools like ive lost my frequent flyer points too

topend3 20th Apr 2020 09:46


Originally Posted by Saintly (Post 10756431)
So on regards to my query (on page 38) of this thread...looks like i can't get a refund. My flight was PER-MEL-PER in November. I didnt cancel flight and have flight put into credits before announcement was made to have VA put into voluntary administration. Looks like ive lost it all and lools like ive lost my frequent flyer points too

Big deal.....

tail wheel 20th Apr 2020 09:50

You are now a Creditor of Virgin: your refund and Frequent Flyer points are in limbo.

Wait for the Administrator's Report to Creditors. This is not necessarily a re-run of 4 March 2002.

I suggest if this is a re-run of 4 March 2002 God help the Australian domestic airline passengers who are about to get screwed - which the Federal Government will be acutely aware of.

The 29 October 2011 was the day Qantas lost the trust and support of the Australian people, which I doubt will ever be recovered.

LostWanderer 20th Apr 2020 09:50


Originally Posted by Saintly (Post 10756431)
So on regards to my query (on page 38) of this thread...looks like i can't get a refund. My flight was PER-MEL-PER in November. I didnt cancel flight and have flight put into credits before announcement was made to have VA put into voluntary administration. Looks like ive lost it all and lools like ive lost my frequent flyer points too

None of this is necessarily true yet. Wait for the administrators to make an announcement on how they will handle things, so many outcomes possible it’s not even worth speculating just yet.

John Citizen 20th Apr 2020 09:55


A lean aggressive full service carrier operating under a much better financial position
Weren't they always aggressive? Isn't this a reason for their downfall?

Arctaurus 20th Apr 2020 09:57


This is not necessarily a re-run of 4 March 2002
But it's probably a re-run of September 2001 when the 2 Marks tried to keep the operation going through "Ansett MK 2".

Administration puts a wall between the company and the creditors. There may be actions to repossess aircraft by leasing creditors very quickly, so the Administrators will need to move fast if the base assets are to be preserved for a new start up. Interesting to see what the copyright and ownership status is of the "Virgin Australia" logo, because it would clearly be a familiar asset in a future operation.

Vindiesel 20th Apr 2020 09:58

They weren't aggressive at controlling their cost base and they weren't aggressive at controlling how leveraged the company became. Similar overall amount of debt to Qantas with only 1/3 the revenue. That's not smart and that all becomes very exposed during a black swan event like this....

Saintly 20th Apr 2020 10:02


Originally Posted by tail wheel (Post 10756440)
You are now a Creditor of Virgin: your refund and Frequent Flyer points are in limbo.

Wait for the Administrator's Report to Creditors. This is not necessarily a re-run of 4 March 2002.

I suggest if this is a re-run of 4 March 2002 God help the Australian domestic airline passengers who are about to get screwed - which the Federal Government will be acutely aware of.

The 29 October 2011 was the day Qantas lost the trust and support of the Australian people, which I doubt will ever be recovered.


I was told by a friend that I had to cancel my flight before VA announced voluntary administration. That way my flight would of gone into credit and id get some sort of refund back as id be a creditor. But seeing as though I didnt do that - my flight still stands as normal and scheduled for November and i will lose money on the airfare cos VA have now announced voluntary administration. Bear in mind that my flight was a cheap airfare and non-refundable.

So does it matter either way? I lose out anyway regardless if i cancelled flight and asked to put flight into credits or left it as it was which i did? Is this correct?


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