Virgin Australia to enter voluntary administration: SMH newspaper

Virgin Australia (VAH.AX) is poised to enter voluntary administration, two sources close to the matter said on Monday, with the cash-strapped airline unable to weather the coronavirus crisis because of its A$5 billion ($3.2 billion) of debt. Australia’s second-biggest carrier, which has about 10,000 employees, last week suspended trading in its shares to continue talks […]

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