Even though Virgin Australia has been in voluntary administration for the past two months, and Velocity Frequent Flyer redemptions remain severely limited, Velocity has been really pushing its members to continue earning points lately. Velocity Frequent Flyer has been ramping up the marketing emails in recent weeks, with offers such as bonus points at the … Continued
The search for a new owner of Virgin Australia is finally over with Bain Capital, a U.S. private investment firm based in Boston, announced as the successful bidder. The other bidder in the running, Cyrus Capital Partners, reportedly withdrew this morning after submitting its final offer last Monday. Virgin’s administrators have now entered into a … Continued
Velocity Frequent Flyer will finally refund Virgin Australia reward seat bookings that have been cancelled, for travel booked until 30 September 2020. This had already been Velocity’s policy prior to Virgin Australia entering voluntary administration. Throughout April and the first half of May, Velocity always said that it would refund the Velocity points & taxes paid … Continued
Virgin Australia will double the number of domestic flights being operated from early July as domestic travel restrictions slowly start to be relaxed. From next month there will be more intrastate flights within Queensland and Western Australia. This will provide more options for travel within the two states during the July school holidays. There will also … Continued
The field of potential Virgin Australia buyers has been narrowed down to two, with Cyrus Capital Partners and Bain Capital now competing to become the new owners of the collapsed airline. The final bids for Virgin Australia, which has been in voluntary administration since 21 April, are due on Friday 12 June 2020. The administrators … Continued