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Five things to watch for in Bain's new Virgin Australia 2.0
Jul 09, 2020, 08:09 AMScurrah was also a member of The Club. Members of The Club were responsible for $500M in revenue through their companies choice of airline, high margin consistent revenue that would have generated much more margin than the cost of The Club
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Virgin Australia's invitation-only The Club set to close its doors?
Jun 21, 2020, 01:17 PMIts really simple, as a member of The Club I value it enormously for the level of service. This membership has and will in future DIRECTLY influence which airline all my staff and contractors fly with. If it is taken away then I will also take away all that flight purchasing loyalty. Call me self...
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Virgin Australia administrators: no refunds, just 'conditional' credit
May 13, 2020, 04:00 PMI am waiting on refund of taxes and charges on reward flights that were cancelled ONE MONTH before Administration. All I am getting is the run around from Virgin as they say it is up to the Administrator, I disagree as the refund is of charges they didnt actually pay as the flights never took pla...
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Virgin Australia in administration but Velocity points "safe"
Apr 29, 2020, 05:45 PMProblem is the "trustee" of Velocity loaned Virgin $150M five years ago and not ONE CENT has been paid back and no interest received. They are now having to line up as a creditor. That $150M was the cash that is supposed to stand behind the members points, so Velocity may well start off under Vir...
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Virgin Australia's $150m loan from Velocity "an investment"
Apr 29, 2020, 05:40 PMWell it all looks more than a bit unusual a loan that hasnt actually paid interest for 5 years! The "trustee" also is Chairman Perpetual Trustees Investment Committee which I also have a fair bit of money in, hes also Chair of 8ec, currently suspended on ASX and Director Funds Board BT Financial ...
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