![]() īoeing 737-800 in the old Virgin Blue red livery at Perth Airport in 2004 In June 2013 Air New Zealand owned 23% of the company. In July 2008 Toll sold its majority holding via a special dividend to hold 1.7% of the company. In May 2006 Toll Holdings acquired Patrick and became the majority owner of Virgin Blue. By the closure of the offer, Patrick held 62% of the company, giving it control. Patrick had been unhappy for some time with the company's direction. In early 2005 Patrick launched a hostile takeover for Virgin Blue. Virgin Group's holding in Virgin Australia was later reduced, initially via a sale of a half interest to Australian logistics conglomerate Patrick Corporation, and later by a public float. As the airline grew, it acquired new equipment, enabling it to phase-out its older 737-400s in favour of 737-700 and −800 series aircraft with modern glass cockpits, winglets and greater fuel efficiency. Delays in negotiating access to the former Ansett terminal at Sydney Airport however, forced Virgin to use its original terminal there-a collection of prefabricated buildings without aerobridges-longer than was needed. It also gave Virgin access to terminal space without which growth would have been significantly limited. ![]() Ansett's failure allowed Virgin to grow rapidly to become Australia's second domestic carrier, rather than staying just a cut-price alternative to the established players. The timing of Virgin Blue's entry into the Australian market was fortunate as it was able to fill the vacuum created by the failure of Ansett Australia in September 2001. This aircraft is now in Virgin Australia livery. Virgin Blue's 50th Boeing 737 Virgin-ia Blue was the only aircraft in the fleet to be actually painted blue. The Virgin Blue name was the result of an open competition it was a play on the predominantly red livery and the Australian slang tradition of calling a red-headed male 'Blue' or 'Bluey'. Initially offering seven return flights a day between Brisbane and Sydney, this was expanded to cover all major Australian cities and many holiday destinations. Virgin Australia was launched as Virgin Blue, as a low-cost airline in August 2000, with two Boeing 737-400 aircraft, one of which was leased from then-sister airline Virgin Express. History Early years as Virgin Blue (2000–2006) 5.2.2 International premium economy class.5.1 Domestic and short-haul international operations.1.5 COVID-19 impact and administration (2020–present).1.4 Reorganisation and rebranding (2011–2019).1.2 Codesharing and network consolidation (2006–2010).Creditors agreed to this proposal on 4 September 2020, with the reorganisation and change of ownership completed on 17 November 2020. On 26 June 2020, it was announced that Bain Capital had entered into a sale and implementation deed with administrator Deloitte to acquire Virgin Australia. On 21 April 2020, Virgin Australia Holdings went into voluntary administration, due to the impacts of the COVID-19 pandemic and financial troubles in the years leading up to the pandemic. In 2019, it was recognised as one of Australia's top 10 tax-dodgers earning $18 billion while paying zero tax. New wide-body aircraft were acquired for use to compete with Qantas, and the roll-out of business class across all the Virgin Australia network. This included the introduction of a new aircraft livery, new uniforms, and new onboard menu options as well as a business class product which Virgin Blue did not have. In 2011, the airline went through a massive transformation-the changing of its brand to Virgin Australia. It was co-founded by British businessman Richard Branson (the founder of Virgin Group), who resides in the British Virgin Islands on his own Necker Island, and former CEO Brett Godfrey. The airline's headquarters is based in South Bank, Queensland. The airline has since grown to directly serve 32 cities in Australia, from hubs in Brisbane, Melbourne and Sydney. ![]() It suddenly found itself as a major airline in Australia's domestic market after the collapse of Ansett Australia in September 2001. It commenced services on 31 August 2000 as Virgin Blue, with two aircraft on a single route. It is the largest airline by fleet size to use the Virgin brand. Virgin Australia, the trading name of Virgin Australia Airlines Pty Ltd, is an Australian-based airline.
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