In 2001, the then Air New Zealand owned Ansett Australia made a buyout offer of $250 million, which was publicly rejected by Richard Branson.

In 2008 the group announced a plan to distribute 98.3% of its shares in the company to its shareholders, thus making itself no longer a majority stakeholder.

[6] At the time Toll Holdings owned 62.7% of the company and had previously attempted to sell the share to no avail.

[15][16] This acquisition was completed in February 2015 with tigerair becoming a fully owned subsidiary of Virgin Australia Holdings.

Air New Zealand CEO, Christopher Luxon announced intentions to resign from the Board of Directors for Virgin Australia.

[18] Air New Zealand's partnership with Virgin Australia ceased not long after the decision to withdraw from the board and sell its equity stake.

[19] A month later Air New Zealand sold 19.9% of VAH to Nanshan Group (majority owner of Qingdao Airlines);[20] and in October, Air New Zealand sold its remaining 2.5% of VAH to Nanshan Group (majority owner of Qingdao Airlines).

On 26 June 2020, the administrators announced that Bain Capital's bids to acquire Virgin Australia had been successful with current equity holders being wiped out.

[29] Bain's plan included reducing the fleet size from 130 to 70-80 aircraft and shutting down the Tigerair brand.

[33] The building, with about 13,220 square metres (142,300 sq ft) A-grade office space, was triple net leased to Virgin Blue.

Brett Godfrey, the-then chief executive of Virgin Blue, said in 2006 that the decision "was a long considered one and has worked well".