Virgin Australia collapse: Deloitte says ‘there are no plans to make redundancies’ | ABC News

Press conference with Virgin CEO Paul Scurrah, and Vaughan Strawbridge from Deloitte.

Virgin Australia has entered voluntary administration, leaving the jobs of at least 15,000 airline workers and connected supply chain workers under a cloud.

In a statement to the ASX, the airline said the move would help “recapitalise the business” and ensure it emerged “in a stronger financial position on the other side of the COVID-19 crisis”.

The board of directors has appointed Deloitte’s Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes as voluntary administrators of the company and a number of its subsidiaries.

Mr Strawbridge said there were “no plans to make any redundancies.” The airline will continue to operate its scheduled international and domestic flights.

Read more here: https://www.abc.net.au/news/2020-04-21/virgin-australia-goes-into-voluntary-administration-coronavirus/12167814

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In This Story: COVID-19

Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

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The main symptoms of coronavirus are:

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  • a high temperature (e.g. head feels warm to the touch)
  • shortness of breath (if this is abnormal for the individual, or increased)

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