Category: Virgin Australia

Virgin expands sporting sponsorship with V8 Supercars partnership
Airlines

Virgin Australia has added V8 Supercars to its stable of major sporting sponsorships alongside the Australian Football League (AFL) and National Basketball League (NBL). The airline said on Wednesday it has signed on as the naming rights sponsor for the V8 Supercars championship for the next five years. This content is available exclusively to Australian

Virgin links up with Alitalia
Airlines

Virgin Australia is boosting its international network and frequent flyer program through a codeshare agreement and frequent flyer partnership with Alitalia. Initially, Virgin will place its VA airline code on the Italian flag carrier’s flights from Abu Dhabi to Rome and Milan (Malpensa), which are operated by Boeing 777 and Airbus A330 aircraft. This content

Virgin’s Velocity expands redemption agreement with low-cost unit Tigerair Australia
Airlines

Members of Virgin Australia’s frequent flyer program Velocity have a new airline on which to redeem points for flights as part of an expanded partnership with Tigerair Australia. Starting Thursday, Velocity points can be used to pay for any Tigerair flight, with the number of points required depending on the cost of the ticket and what

Moody’s places Virgin Australia on review for credit downgrade
Airlines

Moody’s has placed Virgin Australia in line for a potential credit rating downgrade due to its balance sheet profile and major shareholder Air New Zealand’s move to potentially offload all or part of its 26 per cent stake in the Australian carrier. “The review for downgrade reflects Moody’s view of the uncertainty which has emerged

Air NZ move to exit Virgin shareholdings highlights Kiwi carrier’s ambitions
Air New Zealand

Air New Zealand’s decision to consider offloading its stake in Virgin Australia highlights the Kiwi carrier’s ambitions and the reduced reliance on its trans-Tasman partner, as well as hints at some divisions on the Australian carrier’s board, aviation analysts say. The Kiwi carrier said on Wednesday it had engaged First NZ Capital and Credit Suisse

Air NZ looking to sell Virgin Australia stake
Air New Zealand

Air New Zealand is looking to sell all, or part, of its 26 per cent shareholding in Virgin Australia to focus on its own growth opportunities. The airline said in a statement to the Australian Securities Exchange (ASX) and New Zealand stock exchange (NZX) on Wednesday – Air NZ is dual-listed – it was “exploring

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