Virgin Australia cancels 23 Boeing 737 MAX orders

Virgin Australia has canceled 23 Boeing 737 MAX orders. Its original order was of 48 aircraft, but that has now been lowered to 25. This is due to the economic crisis created by the coronavirus pandemic and the end of its takeover by Boston-based Bain Capital last month. All its canceled orders are for the […]

Virgin Atlantic has resumed 5 routes

Virgin Atlantic has resumed 5 routes as the airline is rebuilding its post-coronavirus network. It will begin flying again from Heathrow to Mumbai, Lagos, Delhi, Tel Aviv and Atlanta throughout this month. Virgin Atlantic is now also offering flights to New York JFK, Los Angeles and Shanghai. Virgin Atlantic’s CEO, Juha Jarvinen, has said that […]

Flybe sharholders sue former directors

Former Flybe shareholders are examining legal action over the cut-price sale of the independant airline to the Connect Airways consortium, owned by Virgin, Cyrus Capital Partners and Stobart Airways in 2019. Shareholders only received 1p per share for the sale. The day before the sale was announced, Flybe’s share price was worth 16.4 pence, making […]

Virgin Atlantic files for bankruptcy

Virgin Atlantic filed for bankruptcy yesterday under Chapter 15 in New York. It told a London court that it would run out of money to continue operating in September. The airline is experiencing extreme financial difficulties due to the coronavirus, which is also what caused Virgin Australia to file for bankruptcy. Just because the airline […]

Bain Capital takes Virgin Australia

Bain Capital has won the bid to buy Virgin Australia. Earlier today, Cyrus Capital Partners withdrew from the bidding process, declaring that Virgin Australia’s administrators “lacked engagement”. I thought that Cyrus Capital Partners would have won, as they have more experience in the aviation industry than Bain. But, there are several big reasons why Bain […]

Virgin Australia bidders narrowed down to two

Out of the 4 original bidders for Virgin Australia (BGH Capital, Indigo Partners, Cyrus Capital Partners and Bain Capital), these are the 2 companies that made the cut: Cyrus Capital Partners and Bain Capital! Boston-based Bain Capital has $105 billion in assets and New York investment company Cyrus Capital Partners $4 billion. One of the […]

State help for Virgin Atlantic shelved

A buyer is sought for after state help has been shelved for Virgin Atlantic, a British airline mainly based at Gatwick, Heathrow and Manchester. Virgin Atlantic has a fleet size of 42 planes and flies to 30 different destinations (a lot of its destinations are in Latin America, the Caribbean and the USA). The airline […]

Norwegian Air is in difficulty

Norwegian Air Shuttle, a low-cost airline based in Norway, is facing numerous financial problems. Two days ago, it was forced to shut down four of its subsidiaries due to the coronavirus. The reason why Norwegian is one of the most affected airlines in the world is because it overexpanded. The airline operates a total of […]

Virgin Australia is soon going to cease operations

Virgin Australia has gone into voluntary administration, so it will soon be ceasing operations, unless the Australian government bails it out. Virgin Australia started operations in 2000 under the name of Virgin Blue. The airline became more popular in 2001 when Ansett Australia ceased operations. Virgin Blue didn’t have many market alliances, but after the […]

Virgin Australia has gone into administration

Virgin Australia, an Australian airline who has hubs in Sydney, Melbourne and Brisbane has gone into administration after months of struggles. Several airlines, including Qatar Airways and Singapore Airlines, have a potential interest in the airline. This is bad news for the airline, but it is not the only airline in financial difficulties. City Jet […]

Flybe has ceased operations

Flybe, a British airline mainly based in Birmingham, Manchester and Exeter, has ceased operations today. At the time of its demise, the airline flew to 56 destinations (making it Europe’s biggest regional airline) and had a fleet of 63 planes, the majority of them being De Havilland Dash 8-400’s. Many people would consider the airline […]