Despite concerns the bondholders presently have a “barely arguable” case against Velocity, the Federal Court granted leave to join the frequent flyer program to the Virgin class action.
The company announced this week that it had entered into a conditional Sale and Purchase Agreement (SPA) for Airwork, which entered receivership in July 2025.
Despite concerns the bondholders presently have a “barely arguable” case against Velocity, the Federal Court granted leave to join the frequent flyer program to the Virgin class action.