Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

New owners of Virgin Australia to keep headquarters in Queensland

Article image for New owners of Virgin Australia to keep headquarters in Queensland

Bain Capital is set to become the new owner and operator of failing airline Virgin Australia. 

The US private equity firm was the final bidder after rival Cyprus Capital Partners withdrew their bid.

While the deal is yet to be finalised, it is expected Virgin Australia will keep its headquarters in Queensland.

As part of their winning bid, Bain Capital pledged to save as many Virgin Australia jobs as possible and to fully fund all employee entitlements.

However, Queensland Treasurer Cameron Dick acknowledged the changing landscape of Australia’s airline industry following COVID-19, and said Virgin Australia will become a smaller airline than it previously was.

 

Image: Getty

Advertisement