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The billionaire founder and largest shareholder of Indian budget carrier IndiGo is reportedly set to bid for Virgin Australia, according to reports.
Regional Express executive chairman Lim Kim Hai has claimed Virgin Australia is headed for yet another financial disaster under the current administrator. According to Lim, the restructuring provided a “wonderful opportunity” to make “deep-seated changes to Virgin”. This content is available exclusively to Australian Aviation members. LoginBecome a MemberTo continue reading the rest of this
ACCC chairman Rod Sims has said that he is watching “extremely closely” to prevent anti-competitive behaviour from Qantas, as administrators work to resuscitate Virgin Australia. The news comes after Qantas chief executive Alan Joyce hinted at post-virus bargains, designed to stimulate demand in the domestic travel sector. This content is available exclusively to Australian Aviation
Virgin Australia’s administrator will borrow $200 million to keep the airline flying at it sifts through potential suitors in preparation for a sale.
It cost more than a $1 billion, was in construction for eight years and took the collective effort of 3,700 people and 3.3 million manhours – but yesterday work finished on Brisbane’s new runway under the eerie quiet of a coronavirus lockdown.
Virgin Australia’s administrator has told the first meeting of shareholders that there are now 20 parties interested in buying the airline – up from 10 confirmed last week.
