Tagged: airline collapse
3 articles we've published with this tag.
Virgin Australia administration: how 2020 saved the airlineThe Virgin Australia administration of April 2020 was the biggest airline failure since Ansett. Here is how Bain Capital ended up owning the carrier.By Ray Petrakis
Ansett's 2001 collapse: the job losses, stranded passengers and the entitlements fightWhen Ansett grounded its fleet in September 2001, roughly 16,000 workers lost their jobs overnight. What followed was one of Australia's messiest corporate wind-downs.By Ray Petrakis
How Air New Zealand took full control of Ansett — and what it cost both of themAir New Zealand's acquisition of full ownership of Ansett Australia looked like a trans-Tasman masterstroke. It ended in one of the largest corporate collapses in Australian history.By Ray Petrakis