Indigo Partners’ Bill Franke has suggested that a shift towards a low-cost model could allow Virgin Australia to bounce back from administration. Franke co-founded Indigo, which recently emerged as one of four suitors short-listed for the Virgin Australia sale. The company specialises in investment in low-cost carriers (LCCs), maintaining stakes in both Frontier Airlines and

The federal government has reportedly rejected a request from the Queensland government to provide Virgin Australia with short-term funding. The Australian Financial Review reported on 20 May that the Palaszczuk government first approached Canberra on Monday, looking to strike a deal to inject much-needed cash into proceedings. If successful, the deal would have provided administrators

Sir Richard Branson has been linked to two of the four shortlisted bids for Virgin Australia, according to separate newspaper rumours.

The administrator also said nearly 20 interested parties had been granted access to the data room and eight to a “Virgin 2.0 business plan”.