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Virgin Australia Group has asked the government for a $1.3 billion loan, according to a number of reports.
Credit rating agency Standard and Poor’s has downgraded Virgin Australia Group for the second time in a fortnight after its staff and capacity cuts.
The Virgin Australia Group will make 1,000 of its 8,000 stood down employees permanently redundant, including all 220 Tigerair pilots.
As the business announces it’s standing down 8,000 workers and cutting capacity, Australian Aviation reveals what routes are affected, employees’ legal rights, the union’s reaction and how the airline will change when the crisis is finally over.
Virgin Australia’s chief executive Paul Scurrah has hinted the airline group will not simply carry on as before when the COVID-19 crisis finally ends.
The Transport and Workers Union has urged the government to pay 80 per cent of stood down Virgin employees’ wages.
