The state government has today announced millions of dollars in support for local tourism operators as critics have continued calls for WA to reopen its domestic border.
Australia's top competition body will closely scrutinise the domestic flight market as restrictions have led the nation's major airlines to consider strategic overhauls.
Around 3,000 jobs will go at Virgin Australia under a trimmed-down vision of the carrier, which has been hit by turmoil in the aviation market caused by the coronavirus pandemic.
The state government will partner with Virgin Australia to slash regional airfares until the end of October in efforts to bolster WA's sagging tourism industry.
Bain Capital has emerged as the winning bidder for Virgin Australia, with the administrators agreeing to sell the ailing airline to the Boston-based private equity firm.
Virgin Australia bondholders have put forward a recapitalisation proposal for the struggling airline, seeking to knock out rival offers from two US private equity firms.
Alliance Aviation Services is seeking to raise up to $121.9 million to buy more jet aircraft to service additional charter customers in the mining, tourism and regional markets.
Four private equity firms are the leading candidates to buy Virgin Australia, the biggest regional casualty of the coronavirus crisis in the global aviation industry.
Virgin Australia is expected to receive as many as eight non-binding indicative offers from potential buyers, which will be whittled down over the next few days to a shortlist of around three, its administrators said.
Perth Airport has resolved its recent dispute with Qantas over unpaid fees during the COVID-19 pandemic, following weeks of acrimonious brinkmanship with the nation's flag carrier.
Virgin Australia's administrators at Deloitte will have a better sense of which parties are interested in buying the beleaguered airline, when non-binding indicative offers are made tomorrow.
Passenger numbers at Perth Airport have fallen more than 1 million since April last year, with the airport also raising concern about its financial position after being left with outstanding payments from its two largest airlines.
Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.
Western Australia marked its second day without any new COVID-19 cases, Health Minister Roger Cook said around a quarter of all deferred elective surgery may resume as of next week, and the federal government announced its intentions to stockpile $100 million of fuel.
S&P Global Ratings has lowered its credit rating on Virgin Australia to CC from CCC, saying it expects the company's unsecured debt providers will be forced to accept less value than they are owed as part of the company's debt restructuring process.
Australian airline Regional Express (Rex) has been guaranteed at least one return service per week to most of its 59 destinations under the federal government's regional airline support program.
Virgin Australia is resuming a minimal national schedule while Qantas is expanding its domestic passenger services, with the new schedules including eight regional centres in Western Australia.
Australia's coronavirus restrictions will remain in place for four weeks. Health Minister Roger Cook has announced an expanded COVID-19 testing program in WA. The state has reported two new infections and an extra case from the Artania cruise ship.
Virus-ravaged travel firm Flight Centre says an initial 6,000 of its sales and support staff globally will either be stood down or made redundant in the company's latest bid to preserve a future.
Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.
Virgin Australia has stood down about 8,000 of its 10,000 workers until at least the end of May and further slashed domestic flight capacity in the wake of the coronavirus border restrictions.
Australian shares have surged almost six per cent back to above the 5,000-point level on a wave of optimism a massive US stimulus deal will shore up the world's biggest economy.
Virgin Australia is likely to cut more domestic flights and regional airline Rex will only operate passenger services in Queensland as a virus-spooked nation bunkers down amid new travel and tradin
Qantas is suspending all international flights, will delay its $201 million interim payout, and is standing down two-thirds of its 30,000-member workforce until the end of May in the face of the escalating COVID-19 pandemic.
Australia has upgraded its international travel advice to the highest level, with all citizens being told not to travel overseas because of coronavirus. It comes as Virgin Australia suspended all international travel for more than two months.
Virgin Australia has cut more flights, reduced executives' fees, and will seek relief from government charges as it joins rivals in attempting to soften the impact of the COVID-19 spread.
Virgin Australia is slashing its Tigerair fleet and cutting back on flights to rein in costs as the coronavirus cruels demand for leisure destinations and its budget airline's routes.
As recently as a fortnight ago, industry leaders and government officials were urging caution as the novel coronavirus swept through China, with representatives from Western Australia's tourism and education sectors confident the state was prepared to manage any possible fallout.
The state government has today announced additional flights to and from Singapore, in an effort to maintain stability in WA's tourism market following the worsening coronavirus outbreak on the Chinese mainland.
Virgin Australia says it will cut 750 corporate and head office positions as part of a restructure after posting a "disappointing" full-year loss of $349.1 million.
Qantas has reaffirmed its desire to gain control of Alliance Aviation Services despite the competition watchdog today expressing concern about the two airlines coming together.
