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Virgin Group retains a 25% share. Image from Virgin Australia Virgin Australia's losses blow out to $386.7m, but CEO flags 2023 Virgin Atlantic introduces its 'Upper Class' suite, with innovative, fully flat beds - and unveils its new Clubhouse. 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. Deliveries were scheduled to be completed in 2017. Virgin Australia went into administration after its biggest shareholders, including Richard Branson's Virgin Group, declined to give additional funding to save the airline. [32] Pacific Blue and V Australia were both folded into the new Virgin Australia brand, following an agreement with former Virgin Atlantic shareholder Singapore Airlines, which ever since the establishment of Virgin Blue in 2000 had previously prohibited use of the Virgin brand outside Australia. Book your next Middle Eastern or European holiday by visiting Etihad.com View your benefits as a Velocity Frequent Flyer member All Nippon Airways (ANA) Virgin Money UK acquires Northern Rock at the second attempt. Qantas does have in-flight wifi, but Virgin has in-flight entertainment. [76], Virgin Australia became a sponsor of the newest AFL clubs, the Gold Coast Suns and Greater Western Sydney Giants, in 2011 and 2014 respectively. Richard and family on Virgin Atlantic's inaugural flight | Image from the Branson family. In early 2005 Patrick launched a hostile takeover for Virgin Blue. Virgin Records later expands to the USA (1986). Share this article: 2023 could be the year which brings a lifetime of rewards for Virgin Australia's frequent flyers, with lifetime Velocity status under consideration in a wide-ranging review of how the airline rewards the loyalty of travellers. Virgin Holidays arrives. [67] As of 2008, 1,000 employees worked at Virgin Village.[62]. Virgin Unite incubates two initiatives in South Africa: Pride n Purpose and the Branson Centre of Entrepreneurship, which later expands to Jamaica (2011). Virgin Trains launches and the following year is awarded a 15 year franchise for the West Coast Main Line route in the UK. 100,000 people take part in the final Virgin Money London Marathon. Virgin Australia 's plan includes retaining core lounges and reimagining the lounge experience, retaining three choices of legroom from Business, Economy X and Economy, leveraging new technology for a simplified check-in and airport experiences, and cheaper airfares.