Virgin’s full takeover of Tiger clears FIRB hurdle

A Tigerair Australia Airbus A320 at Hobart. (Rob Finlayson)

Australia's Foreign Investment Review Board (FIRB) has given Virgin Australia’s proposed takeover of Tigerair Australia the green light. In a statement to the Australian stock exchange on Friday, Virgin said the all clear from FIRB satisfied one of the conditions for the deal, which was expected to be completed by the end of 2014. “Virgin Australia Holdings Ltd today … [Read more...]

Virgin Australia and South African Airways expand frequent flyer tie-up

Virgin Australia chief commercial officer Judith Crompton and South African Airways regional commercial manager Asia-Pacific Gcobani Mangcotywa. (Virgin)

Members of Virgin Australia and South African Airways' (SAA) frequent flyer programs will be able to "earn and burn" points across each other's networks as part of an expanded partnership between the two carriers. The reciprocal frequent flyer agreement, announced on Friday, also offers elite members of Virgin’s Velocity and SAA’s Voyager benefits such as lounge access and … [Read more...]

Virgin partners with ABC for IFE content

The newly-repainted VH-BZG. (Lance Broad)

Passengers will be able to watch ABC television programs, including new bulletins, on board Virgin Australia flights as part of a new commercial deal between the airline and the national broadcaster. Virgin from November 1 added three 15-minute news bulletins from the ABC on its seat-back entertainment system on board its widebody Boeing 777-300ER and Airbus A330-300 … [Read more...]

Virgin flags second quarter underlying profit in 2014/15

photo - Rob Finlayson

Virgin Australia expects the full benefit of the recent drop in fuel prices to come in the second half of 2014/15, as the airline group points the market to an underlying profit for the three months to December 31 2015. In an update to shareholders at Wednesday’s annual general meeting in Brisbane, Virgin chief executive John Borghetti said conditions in the local market … [Read more...]

Virgin to fly Adelaide-Alice Springs from March 2015

Virgin Australia had hit the debt markets to raise capital. (Virgin Australia)

Virgin Australia has added a second direct service from Alice Springs, with the airline to start flights to Adelaide from the Central Australia city from March 2015. The announcement, made on Wednesday before the airline's annual general meeting in Brisbane, comes on top of Virgin saying in October it would start Darwin-Alice Springs services, also from March 2015. The … [Read more...]