Tigerair may be known today as Virgin's low-cost brand, but it wasn't always that way. The Tigerair brand will disappear – along with thousands of Virgin Australia jobs.

"The airline will serve business travellers, including corporates and customers travelling for a holiday or visiting loved ones, and maintain a two-class cabin offering. In an update lodged to the Australian Stock Exchange on Wednesday morning, Virgin said it would discontinue Tigerair Australia and suspend all long-haul international fights. Virgin Australia is to cut about 3000 jobs and dump the low-budget Tigerair brand as it comes out of voluntary administration under its new ownership.Virgin Australia chief executive Paul Scurrah confirmed the moves in an announcement to the ASX on Wednesday morning.The airline, now owned by US private equity giant Bain Capital, said it would try to save about 6000 jobs under its plan to become a “stronger, more profitable and competitive business”.“Our aviation and tourism sectors face continued uncertainty in the face of COVID-19, with many Australian airports recording passenger numbers less than 3 per cent of last year and ongoing changes to government travel restrictions,” Mr Scurrah said.“Demand for domestic and short-haul international travel is likely to take at least three years to return to pre-COVID levels, with the real chance it could be longer.”He said that mean Virgin must make changes to ensure it succeeded “in this new world”.Virgin will also retire its Boeing 777s, Airbus A330s and Tigerair’s Airbus 320s, and long-haul international flights will remain suspended until world travel recovers.It will retain the Boeing 737s and regional and charter aircraft.The airline plans to pick up 2000 extra workers, when the aviation market recovers.The Virgin Australia group has been struggling under billions of dollars worth of debt and the impact of the pandemic on the passenger jet market, which has led to the near-collapse of international travel and a huge slump in domestic markets.Its woes attracted a pack of private equity firms and other interested parties keen to acquire the airline, leading to a prolonged bidding process that ultimately resulted in Bain Capital coming out on top.Mike Murphy, managing director of Bain Capital, said the investment firm was working closely with Virgin“In the context of the toughest aviation market dynamics in history, we are fully supportive of management’s plans to preserve as many roles as possible as we help reset the airline for long term sustainable success,” Mr Murphy said.While the binding sale agreement with Virgin’s administrators is still to be ticked off by creditors, it’s expected to be completed in coming weeks.Its Brisbane corporate headquarters will be retained, albeit it at new offices in the city’s Southbank district.Copyright © 2020 The New Daily. With the virtual collapse of domestic and international travel, Australia’s major airlines had to undergo severe cost-cutting measures. Yesterday, the airline issued a statement confirming its quietus. The Brisbane headquartered airline says its new business plan, led by Bain Capital, will… All rights reserved.There was an error submitting the form. VOTE OF CREDITORS Deloitte Restructuring Services partners and Administrators Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes were appointed on 20 April 2020. Virgin Australia will dump its low-cost airline Tigerair and take a knife to more than 3000 jobs as the coronavirus pandemic crushes aviation.Emotional Virgin Australia staff have begged for the airline to be saved as it reportedly goes into voluntary administration, while Richard Branson wrote a lengthy open letter to his staff.Virgin Australia will axe 3000 jobs. Qantas CEO Alan Joyce has announced the group will axe 6,000 staff on top of 15,000 employees who were already stood down amid the coronavirus crisis. The cuts will mostly be felt in its international network.The airline will also suspend all long-haul international flights and transition to a single Boeing 737 fleet for domestic and short-haul international travel.Virgin Australia will cut about 3000 jobs, or about one-third of its workforce, as it shifts its focus to domestic and short-haul international flights. Virgin Australia will shed about 3000 jobs and cull Tigerair Australia as it rebrands as a “value airline” with a focus on domestic and short-haul international flights, it announced this morning. Meanwhile Virgin has been narrowly avoided collapse after Bain Capital pledged to buy the failing airline. "Jetstar – operated by rival airline Qantas – now remains the only low-cost carrier operating out of Australia.Despite this, Virgin has said it will not come downmarket to compete with Jetstar but intends to operate as a full capacity airline with variable prices.
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We have a goal of zero COVID-19 cases, whereas overseas countries, many of them are content to have a certain level,'' Mr Thomas told Sky News. LONDON – Tigerair Australia (TT) has become the victim of bankruptcy through Virgin Australia’s (VA) downfall and change-up.


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