Virgin Australia is a major Australian airline headquartered in Brisbane, operating scheduled domestic and international services. Founded in 2000 as Virgin Blue, it rebranded to Virgin Australia in 2011 as part of a strategy to compete more directly with Qantas in the full-service segment. The airline entered voluntary administration in April 2020 during the COVID-19 pandemic and was subsequently acquired by Bain Capital in November 2020. Under new ownership, Virgin Australia refocused on its domestic network and a mid-market positioning, discontinuing long-haul international routes. Today, Virgin Australia operates a fleet of Boeing 737 aircraft across an extensive domestic Australian network, with select short-haul international services to destinations in the Pacific region. It remains Australia's second-largest airline by market share.