In 2020, Bain Capital purchased Virgin Australia out of voluntary administration after months of negotiations. The Boston-based US private equity firm now owns almost 95% of Virgin Australia, along with Richard Branson’s Virgin Group which owns around a 5% share. A small stake in the airline was also purchased by the Queensland government. Following the sale to … Continued
Virgin Australia will now give 45-100% more Velocity status credits on all flights taken from October 2021 until June 2022, following a 3-month extension to this promotion which was previously due to expire at the end of March. This offer is available to all Velocity Frequent Flyer members and will even be applied retrospectively to … Continued
Velocity Frequent Flyer members will soon be able to convert their points to Singapore Airlines KrisFlyer miles again, with Velocity CEO Nick Rohrlach promising to bring the option back within months. The ability to transfer points between the Velocity and KrisFlyer loyalty programs was a hugely popular program feature until it was suspended in April … Continued
Virgin Australia has pushed back the resumption of direct flights between Sydney and Canberra – a route that it hasn’t served for almost two years. In early December 2021, Virgin announced that it would return to the Sydney-Canberra route in partnership with Link Airways from 30 January 2022. The flights would be marketed by Virgin … Continued
Virgin Australia is giving its Platinum frequent flyers more time to use their complimentary Business Class upgrades when booked on an Economy Choice ticket, with this offer now extended until June 2022. Velocity Frequent Flyer Platinum members receive four annual complimentary upgrades. These can be used on any Virgin Australia domestic or short-haul international flight, … Continued