Cash Crunch Forces Virgin Australia To Seek New Owners

voluntary administration
Virgin has about 80 Boeing 737-800s in its domestic and short-haul international fleet. Credit: Virgin Australia
Credit: Virgin Australia
Virgin Australia’s slide into voluntary administration underlines how vulnerable many airlines are in the new industry environment, and how quickly their survival options can disappear without substantial government aid. Virgin appears likely to find enough support in administration to restructure...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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