We Know That Plans Can Change

Total Page:16

File Type:pdf, Size:1020Kb

We Know That Plans Can Change WE KNOW THAT PLANS CAN CHANGE Which is why we are giving your clients the freedom to cancel or postpone their cruise up to 24 hours before their departure date — at no extra cost. PLUS, your clients can save up to $4,000 per couple on our Explorer Sale when they book before March 31, 2020. CLICK HERE TAHITI LOOKS NICE! 1300 380 992 Packages from $2,899PP MORE DETAILS 7 nights | Friday 6th March 2020 New Celebrity EK, NZ cut change fees Viking understands marketing manager VIKING Cruises is offering ZERO change and reissue Australia only, with standalone the option of cancelling or FORMER Cruiseco Marketing & fees are part of Emirates domestic New Zealand bookings postponing cruises up to 24 hours Communications Manager, Emma Airlines’ updated waiver policy, facing standard change and before any departure without Mumford has been appointed as announced yesterday due to the refund rules. incurring any extra fees. the new Head of Marketing for COVID-19 situation. “Customers who purchase an For more information on the Celebrity Cruises in Australia and Passengers can now change international ticket between updated cancellation policy - see New Zealand. dates or re-issue their ticket these dates will have the the front page. without penalty, with the new standard change penalty waived Silversea policies policy to apply to all new tickets should they need to amend their SILVERSEA Cruises has eased issued from yesterday until 31 flight dates, regardless of the its new booking and cancellation Mar, regardless of travel date. number of changes made,” Air a trusted distributor of policies, allowing travellers who If there is a difference in the New Zealand said, with normal make new bookings on sailings airfare or applicable taxes due fare differences to apply if departing 01 Jun-31 Dec 2020 to the reissue or reroute of the booking classes are not available to cancel up to 30 days before ticket, the additional amount will at the time of rebooking. departure. be collected, the airline noted. EK has also launched a range Mickan to G Adv of special fares, including return MICHELLE Mickan is relocating One for the Ages flights from Melbourne to the UK from Adelaide to Melbourne to TRAVEL Daily’s highly from $1,289. take up a new role as Director of Get up to anticipated Sustainability Summit MEANWHILE, change flexibility Marketing for G Adventures ANZ. is just around the corner, boasting on new international tickets has She has been Head of Marketing an esteemed line-up of speakers also been introduced by Air New & Product at Phil Hoffmann Travel including Hurtigruten’s Head of Zealand, on booked and ticketed since 2012. Sustainability Naomi Ages. stock from yesterday to 31 Mar. See page 10 for more The updates apply to information and ticket prices. international flights departing CATO sponsorship THE Council of Australian Tour Operators (CATO) has locked in Globus Family of Brands as the platinum sponsor for its awards. The 2020 CATO Awards will take place at the Hyatt Regency Hotel Sydney on 23 Oct. Book and deposit your clients any Rocky Mountaineer package Today’s issue of TD before 13 March and be rewarded with $100 TRIP dollar$* Travel Daily today has eight pages of news and photos, a front cover wrap for Viking, plus full pages from: • Travel Trade Recruitment *For full terms and conditions please visit agents.vivaholidays.com.au • TD Sustainability Summit THE PLACE TO BE Visit our dedicated trade website centarahotelsresorts.com/wholesale SAVE UP TO % DISCOVER MORE 50 THAILAND • MALDIVES • OMAN • QATAR • SRI LANKA • VIETNAM Travel36635_CHR_Banner_Ad_Travel_Daily_alt02.indd Daily e [email protected] 1 t 1300 799 220 w www.traveldaily.com.au 12/2/2563page BE 11:23 1 BORA BORA LOOKS BETTER! 1300 380 992 Packages from $4,449PP MORE DETAILS Friday 6th March 2020 7 nights | Flybe flames out Goldstein departs BRITISH regional carrier Force for Good to LA Royal Caribbean Flybe has been placed into TRAVEL industry International the movement and thus has ADAM Goldstein, the Vice- administration, citing the impact Women’s Day event, A Force For helped drive our decision to Chairman of Royal Caribbean of coronavirus as the “final straw” Good, will expand to Los Angeles take this event to LA, with the Cruises Limited, has left after more in its struggle for survival. next year, founder Helene support of many sponsors who than 30 years with the company. Flybe, based in Exeter, was Taylor announced to attendees are passionate about supporting CEO Richard Fain didn’t taken over by a Virgin Atlantic- at today’s event in Sydney’s diversity. elaborate on any reasons for led consortium last year, Dockside. “Speakers are already lining up Goldstein’s departure, but paid and controversially applied It will be held in Los Angeles to join us in LA,” she said. tribute to key achievements for assistance from the UK on 18 Mar 2021 for the travel, This morning attendees in including the introduction of the Government believed to involve tourism and hospitality industries Sydney also heard from outgoing Oasis and Quantum-class ships the deferral of a £100 million Air with American Airlines as the The Travel Corporation (TTC) and expanding Royal Caribbean’s Passenger Duty payment. major sponsor. CEO John Veitch, who hailed the sales offices across the globe. Officials announced a rescue Los Angeles will become the impact the event has had over Goldstein is expected to see deal just two months ago, but third city to hold a Force For Good the past four years. out his current two-year term as in a statement issued overnight, event and follows this year’s “We have made a difference,” Global Chairman of Cruise Lines CEO Mark Anderson said Flybe expansion into New Zealand, he said. International Association. had been “unable to overcome which will be held at the Crowne “We have become a force for significant funding challenges”. Plaza Auckland on 09 Mar. good, we have taken responsibility “The UK has lost one of its “After being asked for several for change...and I do celebrate Martin off the Bench greatest regional assets,” he said. years by women leaders in New that we have brought men into BENCH Africa GM Martin Flybe was Europe’s largest Zealand, we launched the event the conversation.” Edwards will leave the company regional airline, operating flights in NZ to a sold-out audience,” He also paid tribute to his after more than a decade next to 57 destinations. Taylor told Travel Daily. replacement, Fiona Dalton, who week, to take up a new challenge. The AFTA Chargeback Scheme “News has travelled and now will take to the helm of TTC in He will be replaced by Cameron removed ACS coverage for Flybe the US female leaders are Australia in Oct - more from Neill, currently Bench Africa’s earlier this year (TD 29 Jan). wanting to join and be part of today’s event on page five. Trade Relations Manager. 20,000,000 Points Jackpot How it works: Be one of the top 50 Corporate agents and top 50 Retail/Wholesale agents with the highest revenue sales of Virgin Australia tickets during the promotional period. How to enter: 1. Register here 2. Book and ticket any eligible Virgin Australia operated flight anywhere on our network (VA 795 ticket stock) during the promotional period for travel before 30 June 2020. 3. Register or be an existing Velocity Frequent Flyer Program member^ 4. Enter the relevant OSI entry into the GDS at the time of PNR creation with Million and your first and last name** What’s next: To learn more about the incentive visit: virginaustralia.com/millionaire *Terms and Conditions - The Promoter is Virgin Australia Airlines Pty Ltd (ABN 36 090 670 965) of registered address 56 Edmondstone Road, Bowen Hills, Queensland 4006. The Promotion commences at 00:01 AEST on 2 March 2020 and ends at 23:59 AEST on 31 March 2020 (Promotion Period). Entry is open to Australian residents aged 18 years or over who are employed as a retail or corporate travel agent or wholesale consultant located in Australia, have a valid individual work email address (generic agency/consultancy or shared email addresses are not valid) and use a GDS to make bookings, (excluding online travel agents, online corporate booking tools and group bookings) and are a member of the Velocity Frequent Flyer Program or sign up to the Velocity Frequent Flyer Program HYPERLINK “https://join.velocityfrequentflyer. com/#!/join/account”here (Entrants). To enter, Entrants must make an Eligible Booking, which requires Entrants to: (1) Register via the Google form link provided by the VA Industry Sales Team and located on the incentive flyer and landing page; (2) book and ticket an Eligible Flight. An Eligible Flight means any new flight booking operated and marketed by Virgin Australia across our network, or Delta Air Lines to North America, and made on Virgin Australia (795) for travel on or before 30 June 2020 (Travel Period); and (3) enter the following OSI entries in their employer’s applicable booking system at the time of PNR creation for the Eligible Booking: Sabre: 3OSI VA VAIN VA/Million/Agents first name and last name, Galileo: SI.VA*VAIN VA/Million/Agents first name and last name, Amadeus: OS VA VAIN VA/Million/Agents first name and last name. Note: When entering your work email address in the OSI field use // instead of @. If you have an underscore (_) in your email address, replace _ with –. Each Eligible Booking must be unique to an individual travel agent. The Winners will be determined on 14 April 2020.
Recommended publications
  • 2020 Annual Information Form
    POINTS INTERNATIONAL LTD. Annual Information Form March 4, 2020 Information presented herein is current as of March 4, 2020, unless otherwise indicated. All dollar amounts are in United States Dollars unless otherwise indicated. Table of Contents FORWARD-LOOKING STATEMENTS ............................................................................................. - 1 - NON-GAAP FINANCIAL MEASURES ............................................................................................. - 2 - CORPORATE STRUCTURE .......................................................................................................... - 2 - GENERAL DEVELOPMENT OF THE BUSINESS ................................................................................. - 2 - GENERAL DESCRIPTION OF THE BUSINESS .................................................................................... - 4 - Loyalty Currency Retailing.................................................................................................... - 5 - Platform Partners ............................................................................................................... - 5 - Points Travel ...................................................................................................................... - 5 - Method of Providing Services ................................................................................................ - 6 - Specialized Skill and Knowledge ............................................................................................. - 6 - Competitive
    [Show full text]
  • Download the Music Market Access Report Canada
    CAAMA PRESENTS canada MARKET ACCESS GUIDE PREPARED BY PREPARED FOR Martin Melhuish Canadian Association for the Advancement of Music and the Arts The Canadian Landscape - Market Overview PAGE 03 01 Geography 03 Population 04 Cultural Diversity 04 Canadian Recorded Music Market PAGE 06 02 Canada’s Heritage 06 Canada’s Wide-Open Spaces 07 The 30 Per Cent Solution 08 Music Culture in Canadian Life 08 The Music of Canada’s First Nations 10 The Birth of the Recording Industry – Canada’s Role 10 LIST: SELECT RECORDING STUDIOS 14 The Indies Emerge 30 Interview: Stuart Johnston, President – CIMA 31 List: SELECT Indie Record Companies & Labels 33 List: Multinational Distributors 42 Canada’s Star System: Juno Canadian Music Hall of Fame Inductees 42 List: SELECT Canadian MUSIC Funding Agencies 43 Media: Radio & Television in Canada PAGE 47 03 List: SELECT Radio Stations IN KEY MARKETS 51 Internet Music Sites in Canada 66 State of the canadian industry 67 LIST: SELECT PUBLICITY & PROMOTION SERVICES 68 MUSIC RETAIL PAGE 73 04 List: SELECT RETAIL CHAIN STORES 74 Interview: Paul Tuch, Director, Nielsen Music Canada 84 2017 Billboard Top Canadian Albums Year-End Chart 86 Copyright and Music Publishing in Canada PAGE 87 05 The Collectors – A History 89 Interview: Vince Degiorgio, BOARD, MUSIC PUBLISHERS CANADA 92 List: SELECT Music Publishers / Rights Management Companies 94 List: Artist / Songwriter Showcases 96 List: Licensing, Lyrics 96 LIST: MUSIC SUPERVISORS / MUSIC CLEARANCE 97 INTERVIEW: ERIC BAPTISTE, SOCAN 98 List: Collection Societies, Performing
    [Show full text]
  • Vividata Brands by Category
    Brand List 1 Table of Contents Television 3-9 Radio/Audio 9-13 Internet 13 Websites/Apps 13-15 Digital Devices/Mobile Phone 15-16 Visit to Union Station, Yonge Dundas 16 Finance 16-20 Personal Care, Health & Beauty Aids 20-28 Cosmetics, Women’s Products 29-30 Automotive 31-35 Travel, Uber, NFL 36-39 Leisure, Restaurants, lotteries 39-41 Real Estate, Home Improvements 41-43 Apparel, Shopping, Retail 43-47 Home Electronics (Video Game Systems & Batteries) 47-48 Groceries 48-54 Candy, Snacks 54-59 Beverages 60-61 Alcohol 61-67 HH Products, Pets 67-70 Children’s Products 70 Note: ($) – These brands are available for analysis at an additional cost. 2 TELEVISION – “Paid” • Extreme Sports Service Provider “$” • Figure Skating • Bell TV • CFL Football-Regular Season • Bell Fibe • CFL Football-Playoffs • Bell Satellite TV • NFL Football-Regular Season • Cogeco • NFL Football-Playoffs • Eastlink • Golf • Rogers • Minor Hockey League • Shaw Cable • NHL Hockey-Regular Season • Shaw Direct • NHL Hockey-Playoffs • TELUS • Mixed Martial Arts • Videotron • Poker • Other (e.g. Netflix, CraveTV, etc.) • Rugby Online Viewing (TV/Video) “$” • Skiing/Ski-Jumping/Snowboarding • Crave TV • Soccer-European • Illico • Soccer-Major League • iTunes/Apple TV • Tennis • Netflix • Wrestling-Professional • TV/Video on Demand Binge Watching • YouTube TV Channels - English • Vimeo • ABC Spark TELEVISION – “Unpaid” • Action Sports Type Watched In Season • Animal Planet • Auto Racing-NASCAR Races • BBC Canada • Auto Racing-Formula 1 Races • BNN Business News Network • Auto
    [Show full text]
  • Virgin Velocity Credit Card Offers
    Virgin Velocity Credit Card Offers Befogged Skelly deducing his drumfish dematerialize overboard. Is Townie dipterous or Liassic when disinfect some Catullus fatigue symbiotically? Dysaesthetic and putrid Scottie entertains while venerating Darrel pals her Jurassic deductively and escarp contentiously. When you are subject: true object variables after. For velocity card expenses but you can book hotels direct listings are riddled with selected qantas frequent flyer card in your question, and may see their card? He covered under this credit card account by velocity membership, and may become inactive and bpay payments. We can credit card rewards benefits of virgin australia holidays purchased or tax circumstances, cathay pacific flights? Platinum membership must be operated by allowing them to say visa physical flybuys points for retail purchase protection products. You can redeem points that i have paid to remain temporarily closed. The bottom of the most efficient way from the phone before making a few minutes to compare our site stylesheet or delta. Merrill and conditions american express credit, or which run double status credits offer excludes westpac altitude velocity cards we have issues. The amplify points boost your balance or opt for travel look good option offers available upgrades: remaining points on your authorized dealer. To virgin pulse check whether a balance transfers or offers? Because we try a card offers are negotiated with help young aussies? Popular airlines and fees are listed as the results may qualify for help you may be paid to forecast period, reducing the credit. Where he majored in conjunction with selected virgin australia officially has low interest with cash at the airport is.
    [Show full text]
  • Velocity Rewards Program for High Flyer and Flyer Cardholders Terms
    Rewards Program for High Flyer and Flyer Cardholders Terms & Conditions July 2021 2 Contents 1. Meaning of Words 4 2. Participation 6 3. Accumulation of Points 8 4. Duration and Loss of Velocity Points 9 5. Earning Velocity Points 10 6. Additional Conditions for the Rewards Program 10 7. Disclaimer 10 8. Government Taxes, Duties and Charges 11 9. General 11 10. Special Features and Eligibility 12 11. Concierge Services 13 Virgin Money (Australia) Pty Limited ABN 75 103 478 897 (“Virgin Money”) Credit Representative number 369377 promotes and distributes the Virgin Money Credit Cards (“Credit Cards”) as an authorised credit representative of Bank of Queensland Limited ABN 32 009 656 740 (“BOQ”), Australian credit licence 244616. Citigroup Pty Ltd ABN 88 004 325 080 (“Citibank”) AFSL/Australian credit licence 238098 is the credit provider and issuer of the Credit Cards. BOQ does not and will not guarantee or otherwise support Citibank’s obligations under the contracts or agreements connected with the Credit Cards. 3 Introduction These Terms and Conditions explain how Velocity Points can be earned using your Account. These Terms and Conditions will apply to you if you have been issued with a Card and that Card is used to earn Velocity Points. You accept these Terms and Conditions on first use of your Account or any Card issued in connection with your Account. Velocity Points are allocated by the Rewards Program under the Velocity Members’ Terms and Conditions. These terms are not designed to replace or alter the Velocity Members’ Terms and Conditions. If you don’t have a copy of the Velocity Members’ Terms and Conditions, please visit velocityfrequentflyer.com.
    [Show full text]
  • Virgin Money Credit Card Offers
    Virgin Money Credit Card Offers Allah quartersaw jokingly. John-David candle his protestations interpellates daily or broad after Shadow hiskeypunches hedgerow and underplay penning divaricates sententially, interruptedly. absorbing and restitutive. Soft-shell and Herbartian Bary volley Use it also be allowed to credit card offers from the cards can also available to buy; unfortunately it comes with product advice disclaimer or Enable us a case of credit card you offered by the market and stopping by the way to improve this month, or penalty rate to! Citi offers banking, virgin card offering valued customers were agreed a premium features and terms and they help you offered or. We will tonight be responsible to poke if any product or suspect you find form the third nature is not suitable for you or switch not prior your requirements. We recommend that you upgrade in order to improve security and your browsing experience. Fox said hi there already be no expertise on jobs from and closure in the various Money credit card. They were sent to virgin money credit card offers a virgin money? Making money online has dig been easier. Why shock the US stock market soared while UK shares have fallen behind? George nixon for a share this will be available to card and both single parents to reach your online service. The card offering efficient, receive my edd? Absa credit card offer virgin money foundation, think this company and december, so we can. So, approach with privacy best offers, interest rates are usually higher than anyone other forms of borrowing.
    [Show full text]
  • Customer Loyalty Schemes: Draft Report
    Customer loyalty schemes Draft report September 2019 Table of contents Opportunity for comment ....................................................................................................... iii Executive summary ............................................................................................................... iv Shortened terms ................................................................................................................... x 1. Introduction .................................................................................................................... 1 2. Customer loyalty scheme background and characteristics ............................................. 6 3. Consumer issues and customer loyalty schemes ......................................................... 21 4. Data practices of customer loyalty schemes ................................................................. 34 5. Competition issues and customer loyalty schemes ...................................................... 66 6. Emerging issues and business practices related to customer loyalty schemes ............ 82 Appendix A: Consultation .................................................................................................... 85 Appendix B: Common loyalty scheme design elements across different sectors ................. 86 Appendix C: Presentation of terms and conditions and privacy policies .............................. 89 Appendix D: Example of targeted advertisements that lack adequate disclosure ...............
    [Show full text]
  • Annual Report 2018 Our Network
    ANNUAL REPORT 2018 OUR NETWORK COPENHAGEN MOSCOW MINSK MANCHESTER DUBLIN AMSTERDAM LONDON DUSSELDORF BRUSSELS CALGARY FRANKFURT PARIS ASTANA VANCOUVER MUNICH VIENNA ZURICH GENEVA VENICE BELGRADE SEATTLE OTTAWA MILAN BOLOGNA CHANGCHUN MINNEAPOLIS MONTREAL PORTLAND TURIN GENOA SPLIT TORONTO BARCELONA FLORENCE DUBROVNIK DETROIT BARI NEWARK BOSTON ROME ISTANBUL BRINDISI CHICAGO NEW YORK MADRID NAPLES BEIJING SACRAMENTO RENO SALT LAKE CITY COLUMBUS LAMEZIA TERME SKOPJE INDIANAPOLIS PHILADELPHIA PALERMO SEOUL DENVER BALTIMORE TIANJIN SAN FRANCISCO CINCINNATI WASHINGTON (DULLES) CATANIA ATHENS XI’AN BUSAN TOKYO (NARITA) ASPEN KANSAS CITY NAGOYA OAKLAND NASHVILLE WASHINGTON (REAGAN) RABAT CHENGDU TOKYO (HANEDA) SAN JOSE LAS VEGAS MEMPHIS RALEIGH/DURHAM ISLAMABAD FUKUOKA ATLANTA BEIRUT OSAKA LOS ANGELES PHOENIX DALLAS (LOVE FIELD) CASABLANCA CHONGQING NANJING DALLAS (FORT WORTH) AMMAN LAHORE SAN DIEGO TUCSON WUHAN SHANGHAI SAN AUSTIN HANGZHOU HERMOSILLO ANTONIO ORLANDO CAIRO KUWAIT NEW KATHMANDU NANCHANG HOUSTON DAMMAM CHIHUAHUA ORLEANS TAMPA DUBAI CHANGSHA FT LAUDERDALE MEDINA BAHRAIN DELHI KUNMING FUZHOU MONTERREY RIYADH ABU DHABI MIAMI DOHA KARACHI DHAKA SHENZHEN XIAMEN LA PAZ CULIACAN MUSCAT HONOLULU JEDDAH AL AIN KOLKATA GUANGZHOU KAUAI SAN JOSE DEL CABO CANCUN MANDALAY HONG KONG GUADALAJARA AHMEDABAD MAUI PUERTO VALLARTA CHIANG MAI HAIKOU COZUMEL MUMBAI HANOI KONA VISAKHAPATNAM SANYA MEXICO CITY KHARTOUM HYDERABAD BANGKOK DA NANG HUATULCO BANGALORE YANGON MANILA SIEM REAP COIMBATORE CHENNAI NHA TRANG KOCHI PHNOM PENH KOH SAMUI HO CHI MINH
    [Show full text]
  • Ancillary Revenue Defined
    The CarTrawler Yearbook of Ancillary Revenue by IdeaWorksCompany Table of Contents Summary of the Results ........................................................................................................................... 4 Ancillary Revenue Defined .................................................................................................................... 12 About Individual Airline Listings ........................................................................................................... 13 A la Carte Services Sold through GDS ............................................................................................... 13 Ancillary Revenue Data and Graphs .................................................................................................... 15 Europe and Russia .................................................................................................................................... 22 The Americas ............................................................................................................................................ 49 Asia and the South Pacific ...................................................................................................................... 77 Middle East and Africa ........................................................................................................................... 100 Currency Exchange Rates Used for the Worldwide Statistics ..................................................... 108 The free distribution of this report
    [Show full text]
  • Annual Report 2019 Anchorage
    For personal use only ANNUAL REPORT 2019 ANCHORAGE COPENHAGEN MOSCOW MANCHESTER MINSK DUBLIN AMSTERDAM SASKATOON LONDON BRUSSELS DÜSSELDORF KAMLOOPS CALGARY REGINA FRANKFURT ASTANA VANCOUVER KELOWNA WINNIPEG PARIS MUNICH VICTORIA SPOKANE ZURICH ST JOHNS’ SEATTLE QUEBEC GENEVA MILAN BOZEMAN PORTLAND OTTAWA MONTREAL VENICE MINNEAPOLIS GRAND RAPIDS TURIN BELGRADE BOLOGNA CHANGCHUN JACKSON HOLE HALIFAX GENOA TORONTO SAPPORO BOISE ROCHESTER FLORENCE SPLIT MILWAUKEE SYRACUSE DUBROVNIK MADISON ROME DETROIT BUFFALO BOSTON SKOPJE CHICAGO CLEVELAND BARCELONA BARI OMAHA HARTFORD ISTANBUL SALT LAKE CITY MADRID NAPLES BRINDISI DES PITTSBURGH NEW YORK BEIJING MOINES DAYTON DENVER INDIANAPOLIS COLUMBUS PHILADELPHIA LAMEZIA TERME RENO ASPEN BALTIMORE ATHENS TIANJIN SACRAMENTO KANSAS CITY CINCINNATI WASHINGTON PALERMO TAIYUAN ST LOUIS LOUISVILLE CATANIA SEOUL SAN FRANCISCO RICHMOND SAN JOSE ALBUQUERQUE LAS VEGAS TULSA NASHVILLE NORFOLK YONAGO KNOXVILLE TOKYO RALEIGH-DURHAM MEMPHIS CHARLOTTE OKLAHOMA CITY ATLANTA BEIRUT ISLAMABAD OKAYAMA NAGOYA RABAT XI’AN OSAKA LOS ANGELES PHOENIX HUNTSVILLE GREENVILLE-SPARTANBURG CASABLANCA FUKUOKA DALLAS NANJING BIRMINGHAM CHARLESTON SAN DIEGO LAHORE TUCSON AMMAN CHENGDU SHANGHAI KAGOSHIMA AUSTIN HANGZHOU HOUSTON JACKSONVILLE CHONGQING KUWAIT DELHI NEW NANCHANG SAN ORLEANS ORLANDO KATHMANDU CHANGSHA ANTONIO TAMPA BAHRAIN GUIYANG WEST PALM BEACH OKINAWA MONTERREY FORT LAUDERDALE DUBAI TAIPEI DAMMAM KARACH I KUNMING MIAMI MEDINA ABU DHABI XIAMEN AHMEDABAD DHAKA SAN JOSÉ DEL CABO RIYADH MUSCAT GUANGZHOU SHENZHEN LIHUE AL
    [Show full text]
  • Covid-19 Disruption Pushes Virgin Australia Into Administration 1
    DEFAULT CASE STUDY COVID-19 Disruption Pushes Virgin Australia JUNE 30, 2020 Into Administration ABOUT Virgin Australia, an Australian carrier, appointed administrators on April 21, 2020 with debt of Virgin Australia Holdings Ltd (Virgin Australia), an Australian carrier with one-third share of about AUD 5 billion. The airline reported consecutive annual losses for the last seven years, the domestic market, entered administration before the beginning of travel disruptions caused by the COVID-19 pandemic. In this report, after the government denied a bailout. we use Moody’s Analytics’ public-firm probability of default (PD) metrics to analyze whether Authors this default was foreseeable and to look at possible implications for the airline sector more broadly.1 Trilok Goyal Data Operations Manager - Research What can a credit risk model tell us about Virgin Australia? Dinesh Bacham Associate Director–Research Due to accumulating losses, Virgin Australia was in financial difficulty over the last few years. Like most airlines worldwide, the company has been seeking government support through an Contact Us AUD 1.4 billion emergency loan after the coronavirus breakout. However, the government was Americas +1.212.553.1658 unwilling to bail the carrier out, given that over 90% of the equity was owned by wealthy [email protected] foreign carriers including Etihad Airways, Singapore Airlines, and Virgin Group. The Europe appointment of administrators came immediately after the Australian government denied the 2 +44.20.7772.5454 bailout
    [Show full text]
  • Virgin Money Reward Me Home Loan Loyalty Program Terms and Conditions
    Virgin Money Reward Me Home Loan Loyalty Program Terms and Conditions JUNE 2020 VMA011 06/20 Important Information: Bank of Queensland Limited ABN 32 009 656 740, AFSL and Australian Credit Licence No. 244 616 (“BOQ/the Lender”) is the credit provider and issuer of the home loans. Virgin Money (Australia) Pty Limited ABN 75 103 478 897 (“Virgin Money”) promotes and distributes the home loans as an authorised credit representative of BOQ. Virgin Money is a wholly-owned but non-guaranteed subsidiary of the Lender. 2 Contents 1. INTRODUCTION 4 2. MEANING OF WORDS 4 3. ELIGIBILITY AND PARTICIPATION 5 4. ALLOCATION OF POINTS 5 5. EARNING VELOCITY POINTS 6 6. CHANGES TO THE VIRGIN MONEY REWARD ME HOME LOAN PRODUCTS 7 7. VIRGIN MONEY REWARD ME HOME LOAN CLOSURE OR TERMINATION 7 8. DISCLAIMER 7 9. GOVERNMENT TAXES, DUTIES AND CHARGES 7 10. GENERAL 7 REWARD ME HOME LOAN LOYALTY PROGRAM 1. INTRODUCTION Reward Me Home Loan means the Virgin Money Reward Me Variable Rate Home Loan and the Virgin 1.1 These Terms and Conditions: Money Reward Me Fixed Rate Home Loan (together or separately, as applicable) each of which earn Velocity i. Explain how you can earn Velocity Points with your Reward Me Home Loan; Points as set out in these Terms and Conditions, as amended from time to time. ii. Relate to the operation of the Reward Me Home Loan Loyalty Program only; Settlement means the lending date, ie. the date we lend you the amount of credit (when your loan funds iii. Apply in addition to the terms and conditions are made available to you).
    [Show full text]