Cash Crunch Forces Virgin Australia To Seek New Owners

April 27, 2020
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...

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