Recent content by hydrabyss | Australian Frequent Flyer
Australian Frequent Flyer

Welcome to Australia's leading independent Frequent Flyer and Travel Resource since 1998!
Our site contains tons of information that will improve your travel experience.

Joining AFF is fast, simple & absolutely free - register now and take immediate advantage of these great BENEFITS.

Once registered, this box will disappear. And you will see fewer advertisements :)

Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Recent content by hydrabyss

  1. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    From what I have read in the media their proposal appears to be the best option if they keep it for us that will fly with them.
  2. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    Cyrus for sure as we need Branson to be part of it to give jakeseven7 something to complain about.:D
  3. H

    Is it Time to transfer/withdraw points from Velocity?

    Considering this is a Virgin frequent flyer forum would not saving the company be a members first choice.
  4. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I was totally surprised when they started shutting borders to international travellers but understood it had to be done. But when it came to state borders I was thinking there is no way that will happen due to the financial cost to business but I did not take into account the Government taking...
  5. H

    Virgin Australia launches 'coronavirus status extension' plan

    That's good to know as my partner upgraded to platinum in april so got the gold extension so will see if they will extend it over to her new status level. Hopefully we will get to use it soon as the holiday savings are starting to build up and she is now talking about spending it on things...
  6. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    This is from a news article a few weeks ago. Eight unions are included in the proposed 32-seat creditors' committee alongside aircraft lessors, major Australian airports and banks. Not sure how many seats the unions get but they represent the 9000 staff. But the article mentions this Almost...
  7. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    So what will be the going price. I read something this morning around $5b including debt. Their sales pitch is also saying they can get costs almost down to Jetstar level by reducing the fleet and some routes. If they can offer something in between Qantas and Jetstar and still offer some perks...
  8. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I read this morning that Qantas have borrowed another $550m against a few more planes.
  9. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    That's the story I read, makes $30m not sound like much these days. The last amount Virgin asked the government for was $200m.
  10. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I was under the impression Virgin had some money in the bank but from reading today they may have not had much left at all. Although what was left would have kept me busy for a number of years.
  11. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    It appears the administrators will need to borrow $200m to keep Virgin going to it sells. I was going to say if but I am confident it will.
  12. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    It is the creditors that hold its fate by way of majority vote except if the Government does not like the outcome.
  13. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    From the figures I found in 2018-19 they generated $3.9b in revenue and $437m in earnings before costs where taken so I can't see why you a new owner would change what already works. As far as I know Velocity runs the status side and the business is profitable with a percentage of each flight...
  14. H

    Virgin Australia Financially Secure? [Now in Voluntary Administration]

    I did hear Virgin did not get much and well below what Rex was getting and no where near what the Deputy PM kept repeating they where giving the airline sector.
Top