Virgin Australia

Virgin Australia
IATA ICAO Callsign
VA[N 1] VOZ VELOCITY
Founded1999 (as Virgin Blue)[2]
Commenced operations31 August 2000
Hubs
Focus cities
  • Adelaide Airport
  • Gold Coast Airport
  • Perth Airport
Frequent-flyer programVelocity Frequent Flyer
Fleet size101
Destinations52
Company sloganThis is how we fly
Parent companyVirgin Australia Holdings
HeadquartersBowen Hills, Brisbane
Key people
  • John Borghetti (CEO)
  • Richard Branson (co-founder)
  • Brett Godfrey (co-founder and former CEO)
RevenueIncrease A$4.7 billion (2015) [3]
Operating incomeDecrease A-$49 million (2015)[3]
Total assetsIncrease A$5.8 billion (2015)[3]
Total equityDecrease A$1 billion (2015)[3]
Websitevirginaustralia.com

Virgin Australia is a large Australian airline. It started in 2000. From 2000 until 2011, the airline was called Virgin Blue.[4] Virgin Australia flies as both a full-service airline and a low-cost airline, like Ryanair or Southwest Airlines. As of 2016, the airline has a fleet of 108 airplanes and flies to Australia, Fiji, Indonesia, New Zealand, Papua New Guinea, Tonga, the United States, the United Arab Emirates and Vanuatu.[5] Virgin Australia is Australia's second largest airline.[6] It is the main competitor for Jetstar Airways and Qantas. In 2014, Virgin Australia bought Tigerair Australia.[7] Virgin Australia became bankrupt in 2020 because of the COVID-19 pandemic[8] and was bought by Bain Capital in June 2020.[9]

  1. "System Changes". Virgin Australia. Archived from the original on 27 September 2015. Retrieved 4 January 2013.
  2. "VIRGIN AUSTRALIA AIRLINES PTY LTD ACN 090 670 965". connectonline.asic.gov.au. Retrieved 18 April 2015.
  3. 3.0 3.1 3.2 3.3 "Preliminary Final Report 2015" (PDF). Archived from the original (PDF) on 18 October 2015. Retrieved 20 August 2015.
  4. "Virgin Australia to replace Virgin Blue, V Australia, Pacific Blue names -- Polynesian Blue too?". Australian Business Traveller.
  5. "Please verify your request". www.planespotters.net.
  6. "Major Airlines of Australia and Oceania". nationsonline.org. Retrieved 9 March 2015.
  7. "Virgin Australia will buy the remaining shares in Tigerair for $1". www.news.com.au.
  8. "Virgin Australia, nation's second-largest airline, seeks bankruptcy protection amid coronavirus shutdown". USA Today. Retrieved April 29, 2020.
  9. Virgin Australia bidder Cyrus Capital Partners withdraws, Bain signs purchase deal ABC News 26 June 2020


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