VirginAustraliaHoldings
FromWikipedia,thefreeencyclopedia
VirginAustraliaHoldingsLimitedistheholdingcompanythatownsandoperatesVirgin
[Link] VirginAustraliaHoldingsLimited
[Link]
officeislocatedinBowenHills,Brisbane.
Type Public(ASX:VAH
Contents ([Link]
by=asxCode&asxCode=VAH))
1History Industry Airline
2Headoffice
3Shareholders Founded 2000
4References Headquarters BowenHills,Brisbane
5Externallinks
Keypeople NeilChatfield(Chairman)
JohnBorghetti(CEO)
Revenue A$3.988billion(June2013)
History
Owner AirNewZealand(26%)
SingaporeAirlines(23%)
VirginBlueHoldingswasformedin2000asawhollyownedsubsidiaryoftheVirginGroup.
EtihadAirways(21%)
In2001,thethenAirNewZealandownedAnsettAustraliamadeabuyoutofferof$250million VirginGroup(10%)
which,waspubliclyrejectedbyRichardBranson.[1] Numberof 9,425(June2014)
employees
In2002,VirgincametoanagreementwithPatrickCorporationtoinvestintheairline,toallow Subsidiaries TigerairAustralia
ittogrowintoanationalairline,fillingthevoidfollowingthedemiseofAnsettAustralia.[2] VirginAustralia
VirginAustraliaAirlines(NZ)
Inreturnfora50%shareofthecompany,Patrickinvested$[Link],theview VirginAustraliaRegional
wasthatPatrick'sshareholdingwouldalsoallowthecompanytobenefitfromtheirnew VirginSamoa
shareholderspoliticalconnectionswiththeHowardGovernment,andalso'Greenwash'the Slogan Nowyou'reflying
company,allowingittobedescribedasAustralianowned.[3] Website [Link]
([Link]
In2003,VirginBlueHoldingsLimitedwasfloatedontheAustralianSecuritiesExchangeas
us/companyoverview/)
VirginGroupsoughttoselldownitsholdings.[2]
[Link]'[Link]
closureoftheoffer,Patrickheld62%ofthecompany,givingitcontrol.VirginGroupretaineda25%share.In2006,Patrick
CorporationwastakenoverbyTollHoldings,whomaintainedtheownershipofsharesinVirginBlueHoldings.In2008thegroup
announcedaplantodistribute98.3%ofitssharesinthecompanytoitsshareholders,thusmakingitselfnolongeramajority
stakeholder.[4]AtthetimeTollHoldingsowned62.7%ofthecompanyandhadpreviouslyattemptedtosellthesharetono
avail.[5][6]
InJanuary2011,AirNewZealandpurchaseda15%shareholdinginVirginBlueHoldings.[7]InJune2013thiswasincreasedto
23%.[8]
InSeptember2012,EtihadAirwayspurchaseda10%shareholding,thiswaslaterincreasedto20%. FormerVirginBlueHoldings
logo,useduntilDecember
InOctober2012,SingaporeAirlinesboughta10%stakeinVirginAustraliaHoldings.[9]InApril2013thiswasincreasedto 2011
20%.[10]
InOctober2012,VirginAustraliaHoldingsannouncedithadpurchaseda60%stakeinTigerAirwaysAustraliawiththetransactionconcludedinJuly2013.[11]
TigerwouldcontinuetooperateasalowcostsubsidiaryofVirginAustraliafor20years.
InApril2013,VirginAustraliaHoldingscompleteditsacquisitionofregionalairlineSkywestAirlinesandrebrandeditVirginAustraliaRegionalAirlines.[12]
InOctober2014,VirginAustraliaHoldingsannouncedplanstoacquirethe40%stakeofTigerairAustraliastillheldbyTigerAirwaysHoldingsfor$1,giving
[Link]
Australia.[13][14]
Headoffice
VirginAustraliaHoldingshasitsheadofficeinVirginVillageinBowenHills,Brisbane.Asof2008,1,000employeeswork
atVirginVillage.[15]Thebuilding,withabout13,220squaremetres(142,300sqft)AGradeofficespace,wastriplenet
leasedtoVirginBlue.[16]
Astheairlinestartedoperations,[Link],thethenchief
executiveofVirginBlue,saidin2006thatthedecision"wasalongconsideredoneandhasworkedwell."[17]Theairline VirginVillage,theVirginBlue
[Link]$61millionsiteinBowenHillsforitsnewhead HoldingsLimitedheadofficein
[Link],whichhadacquiredtheBowenHillssitefor$8millionin2005,hadscheduledtocomplete BowenHills,Brisbane
thenewheadofficeinMarch,andtheairlinewouldbereadytomoveintothenewheadofficebyAugustofthefollowing
year.[18]Thecurrentheadofficefacility,VirginVillage,formallyopenedon17October2008.[19]
Shareholders
VirginAustraliaispubliclylisted.Asat24September2014majorshareholderswere:[20]
AirNewZealand(26%)
SingaporeAirlines(23%)
EtihadAirways(21%)
VirginGroup(10%)
References
1. Daniel,Zoe(4September2001)."VirginBluebossjokesaboutbuyoutdeal"([Link]
2007.
2. Meier,Michael(26July2006)."VirginBlueDefiningaNewWorldCarrier"([Link]
2007.
3. Maiden,Malcolm(23January2003)."Patrick'smoveonVirginBluehasasenseofdjvuaboutit"([Link]
Age.Retrieved22August2007.
4. VirginBlueHoldings."TollAnnouncesPaymentOfAnInSpecieDividendToTollShareholders,SatisfiedByDistributionOfVirginBlueShares"
([Link]
5. StephenMayne(14July2008)."TollquitsVirginBlue,books$1.3billionloss"([Link]
Retrieved18March2010.
6. GilesParkinson(14July2008)."Toll'sVirginBluesolution"([Link]
Retrieved18March2010.
7. GeorginaBond(21January2011)."AirNewZealandpays$188.9millionforVirginstake"([Link]
84031).NationalBusinessReview.Retrieved21January2010.
8. AirNZrevealedasbuyerof3pcadditionalVirginstake([Link]
e6frg95x1226658272262)TheAustralian6June2013
9. SingaporeAirlinesbuys10%stakeinVirginAustralia([Link]
10. SingaporeupsVirginstaketo20percent([Link]
2013
11. TigerairbecomespartofVirgin([Link]
12. "MediaReleases|2013"([Link]
13. "VirginAustraliapays$1forTigerairstake"([Link]
Australian.17October2014.
14. "VirginAustraliaplansfullownershipofTigerairAustralia"([Link]
Aviation.17October2014.
15. "VirginBlueseeksshelterinBrisbane"([Link]
[Link].17October2008.Retrieved30November2011.
16. "VirginBlueNationalHeadquarters,Brisbanenew12yearlease([Link]
Retrievedon9February2010.
17. "VirginBlueInStateOfExcitementOverNewInvestQueenslandCampaign([Link]
March2006.Retrievedon8February2010.
18. Robins,Brian(31March2008)."SydneychosentobeheadquartersofVAustralia"([Link]
australia/2008/03/31/[Link]).TheSydneyMorningHerald.Retrieved30November2011.
19. "TheYearThatWas([Link]
February2010.
20. AnnualReportforYearEnded30June2014([Link]
VirginAustraliaHoldings
Externallinks
Officialwebsite([Link]
Retrievedfrom"[Link]
Categories: Airlineholdingcompanies AviationinAustralia CompaniesbasedinBrisbane CompanieslistedontheAustralianSecuritiesExchange
Holdingcompaniesestablishedin2000 HoldingcompaniesofAustralia VirginGroup 2000establishmentsinAustralia
Thispagewaslastmodifiedon21June2015,at20:33.
[Link],youagreetotheTermsofUse
[Link],Inc.,anonprofitorganization.
![Shareholders
Virgin Australia is publicly listed. As at 24 September 2014 major shareholders were:[20]
Air New Zealand (26%)](/p?url=https%3A%2F%2Fscreenshots.scribd.com%2FScribd%2F252_100_85%2F178%2F346554369%2F3.jpeg&__src=https%3A%2F%2Fwww.scribd.com%2Fdocument%2F346554369%2FVirgin-Australia&__type=image)
