It is perhaps no surprise that one of the unions representing Virgin Australia’s pilots, the Virgin Independent Pilots Association (VIPA), has come out in support of the airline and its CEO, John Borghetti, but what is perhaps surprising is the strength of the language it has used to do so, with a statement saying that
The Takeovers Panel won’t stand in they way of Virgin Australia’s $350 million rights raising, the government body announced on Tuesday. The Takeovers Panel considered the issue after a request from shareholder activist Stephen Mayne who had protested to the Virgin Australia board that retail shareholders should be able to apply for an unlimited number
Virgin Australia has issued a statement calling for an investigation into Qantas’s so-called “line in the sand” publicly stated goal of maintaining 65 per cent marketshare of Australian domestic airline travel. Reads the statement, issued on Thursday afternoon: “Over the last three years, Virgin Australia has had a consistent strategy of bringing strong competition to
Virgin Australia has announced a sponsorship agreement with the Melbourne Fashion Festival, the latest in a number of sponsorship and partnering arrangements the airline has entered into which are designed to continue the upmarket repositioning of its brand image. Under the agreement the event will be branded as the Virgin Australia Melbourne Fashion Festival for
The war of words between Virgin Australia and Qantas over the former’s $350 rights issue has taken a new turn with Virgin Australia chairman Neil Chatfield revealing today that his company is considering legal action against Qantas. “While I am not going to waste any more of our shareholders’ time today by giving their [Qantas’s]
Forget the corporate rhetoric from Borghetti and Joyce in their latest public exchanges on Virgin’s rampant capital-raising efforts this year, what is becoming clear is that the majority foreign-owned carrier Borghetti leads is staving off a financial cold, writes Julian Green. In the last 12 months, Virgin Australia has raised more than $1 billion in