Louise Kennerley


Virgin Australia’s fantastic four, shortlist confirmed

Virgin Australia’s fantastic four, shortlist confirmed

Street TalkMay 18, 2020 – 7.37amVirgin Australia and its administrator Deloitte have wrapped up a long weekend of negotiations by shortlisting four parties for the auction’s second round.Street Talk can reveal the four parties are financial sponsors Bain Capital and BGH Capital, US aviation firm Indigo Partners and European investor Cyrus Capital Partners, which was…


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Captains of industry go cap in hand for the arts

Life And LuxuryArts And CultureCoronavirus pandemicAustralia’s performing arts scene faces an existential crisis that philanthropy alone can’t solve, say three chairmen of Australia’s major companies.Opera Australia chairman David Mortimer and his company’s empty home venue: he says performing arts companies won’t survive without government assistance if they can’t get back on stage soon.  Louise KennerleyMay…


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Failed Virgin tapped frequent flyer trust for loan

Apr 25, 2020 – 12.00amThe trust set up to protect Velocity Frequent Flyer members lent up to $200 million to Virgin Australia, positioning the company as a creditor to the failed airline and raising questions about how much cash is actually backing the loyalty scheme’s points.Concerns about the cash backing for the loyalty scheme’s 10…


Independents believe Morrison has got it wrong on refugees

Independents believe Morrison has got it wrong on refugees

Underlining the stakes involved, Prime Minister Scott Morrison says Labor’s agreement to refugee evacuation rule changes based on medical grounds show Opposition Leader Bill Shorten “hasn’t got the ticker … for this stuff”.Shorten’s compromise agreement with crossbench MPs on Tuesday to water down the medical evacuation criteria for refugees stranded on Nauru shows his need…