Shortlist of four bidders in the running to take over Virgin Australia | Finance Report

Virgin Australia and its administrator Deloitte have shortlisted four parties who could end up being the new owners of Australia’s second major carrier. And, iron-ore miners see rise as Brazil becomes worse affected by the coronavirus crisis. Read more here: https://www.abc.net.au/news/2020-05-18/shortlist-of-four-suitors-to-take-over-virgin-australia/12258458?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News … Read more Shortlist of four bidders in the running to take over Virgin Australia | Finance Report

Queensland Treasurer says state can’t ‘stand idly by’ to watch Virgin Australia collapse | ABC News

The fight to own Virgin Airlines is taking off with the Queensland Government offering a $200 million investment to secure the carrier’s Brisbane headquarters and regional routes. Critics claim the bid would be an unnecessary interference in a market-led process, but the Government says it can’t afford not to invest, for the sake of local … Read more Queensland Treasurer says state can’t ‘stand idly by’ to watch Virgin Australia collapse | ABC News

Queensland Government moves to buy stake in coronavirus-hit Virgin Australia | ABC News

The state-owned Queensland Investment Corporation (QIC) is set to make an official bid for a stake in Virgin Australia after the airline went into voluntary administration last month amid the coronavirus travel restrictions. Read more here: https://www.abc.net.au/news/2020-05-13/coronavirus-queensland-government-stake-virgin-airlines/12244152 For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 … Read more Queensland Government moves to buy stake in coronavirus-hit Virgin Australia | ABC News

Too big to fail, or too broke to fly? Airlines seek gov’t help to stay in air

Airlines such as Virgin Australia have gone into administration, while others are facing similar prospects. In Europe, Air France-KLM secured a bailout in excess of 9 billion euros, and Lufthansa is seeking similar help from Germany. Subscribe to France 24 now: http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN Visit our … Read more Too big to fail, or too broke to fly? Airlines seek gov’t help to stay in air

Regional Australia to be hit hard by Virgin Australia collapse | ABC News

An airline industry veteran predicts if Virgin Australia survives, up to 40 percent of staff could lose their jobs. It’s a worrying worst-case scenario for workers based on the expectation that a much smaller airline will emerge Regional Australia is also likely to lose services, meaning fares outside major cities would probably rise too. Read … Read more Regional Australia to be hit hard by Virgin Australia collapse | ABC News

Virgin Australia’s CEO Paul Scurrah on the company going into administration | 7.30

Leigh Sales interviews Virgin Australia’s CEO Paul Scurrah about the company’s future and going into administration. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 You can also like us on … Read more Virgin Australia’s CEO Paul Scurrah on the company going into administration | 7.30

Laura Tingle looks at the politics of Virgin Australia’s troubles | 7.30

Could Virgin Australia become the go-to image of the coronavirus slump, not just of its economic cost, but the competence of the Government in dealing with it? Chief political correspondent take a look. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on … Read more Laura Tingle looks at the politics of Virgin Australia’s troubles | 7.30

Virgin Australia in the hands of administrators and facing an uncertain future | 7.30

The nation’s second largest airline, Virgin Australia, is now in the hands of administrators. The company was already burdened with about $5 billion in debt even before the coronavirus pandemic hit. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE … Read more Virgin Australia in the hands of administrators and facing an uncertain future | 7.30

Virgin Australia airline nears collapse over COVID-19 crisis

The pandemic has forced Australia’s second-largest domestic air carrier into voluntary administration, after the government refused to bail it out. Thousands of jobs are now at risk. The airline is pinning its hopes for survival on private investors. Al Jazeera’s Nicola Gage reports from Sydney. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on … Read more Virgin Australia airline nears collapse over COVID-19 crisis

‘No job losses planned’ as Virgin Australia goes into voluntary administration | ABC News

Australia’s troubled second airline, which saw its cash flow collapse because of tough coronavirus travel restrictions, appoints accounting firm Deloitte to act as administrator after the Federal Government rejected calls to bail it out. Read more here: https://ab.co/2KjBlE3 For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: … Read more ‘No job losses planned’ as Virgin Australia goes into voluntary administration | ABC News

Richard Branson sends message to Virgin Australia staff after airline goes into administration

Virgin Australia has gone into voluntary administration after failing to secure a government bailout due to impacts of the coronavirus pandemic, the airline said. Virgin Australia, which serviced domestic as well as short-haul international destinations, was founded in 2000 and was one of Australia’s main aviation providers. Read more about Virgin Australia’s collapse: https://www.telegraph.co.uk/business/2020/04/20/sir-richard-branson-has-no-cash-bank-pleads-taxpayer-support/?WT.mc_id=tmg_youtube_offsite_televideo-youtubevideo&utm_source=tmgoff&utm_medium=tmg_youtube&utm_content=offsite_televideo&utm_campaign=tmg_youtube_offsite_televideo-youtubevideo Telegraph.co.uk … Read more Richard Branson sends message to Virgin Australia staff after airline goes into administration

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

Treasurer Josh Frydenberg on Virgin collapse: “This is not the end of an airline” | ABC News

Press conference with Michael McCormack, Deputy Prime Minister and Treasurer Josh Frydenberg on the collapse of Virgin Australia. Frydenberg ruled out a rescue package from the Federal Government. “The Government was not going to bail out five large foreign shareholders with deep pockets who, together, own 90 per cent of this airline,” he said. Australia’s … Read more Treasurer Josh Frydenberg on Virgin collapse: “This is not the end of an airline” | ABC News

Virgin Australia forced into voluntary administration | ABC News

Virgin Australia has entered voluntary administration. 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 … Read more Virgin Australia forced into voluntary administration | ABC News

Virgin Australia Collapses as Airline Calls in Administrators

Apr.20 — Virgin Australia Holdings Ltd. became the nation’s biggest corporate casualty of the coronavirus, calling in administrators after the outbreak deprived the debt-burdened airline of almost all income. Neil Hansford, chairman of Strategic Aviation Solutions, an Australian consultancy firm, discusses where he sees the airline heading. He speaks on “Bloomberg Daybreak: Australia.”