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Cyrus Capital adviser and former Virgin America CEO Jonathan Peachey has detailed the company’s plans for a Virgin Australia reboot, as pressure mounts in the run-up to deadline day. With less than a fortnight left until binding offers are due, the Cyrus adviser revealed over the weekend that the company is moving forward with plans to
Australian Aviation reveals every route on Virgin Australia's new network, which will be implemented in full from early July.
Other speculation emerging ahead of Friday’s second-round deadline includes the revelation that knocked out bidders Brookfield and IndiGo are both considering re-entering the competition.
Sir Richard Branson has been linked to two of the four shortlisted bids for Virgin Australia, according to separate newspaper rumours.
Home Affairs Minister Peter Dutton has lashed out at the Queensland government’s decision to bid for Virgin Australia, saying a successful bid would put the airline “back on the market in six months”. On Wednesday night, Minister Dutton posted a controversial update to his Twitter account, calling the bid “laughable”. This content is available exclusively
Queensland's new Treasurer Cameron Dick has already appointed an investment company and said the financial package could take the form of a “direct equity stake, a loan, guarantee or other financial incentives”.
