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Applications have now opened for businesses to claim their share of the government’s $300 million regional aviation bailout.
Flight Centre Travel Group announced on Monday it will close 428 Australian stores by the end of July, or roughly 40 per cent of its network.
Virgin Australia ramped up its lobbying for a bailout by placing a full-page advert in Saturday’s Daily Telegraph warning of the dangers of a Qantas monopoly.
Qantas and Virgin will resume limited international flights to Australia from London, Los Angeles, Hong Kong and Auckland after agreeing to a repatriation deal with the government.
Flight Centre Travel Group is trying to secure support for a $500 million equity raising, which would likely take place at a huge discount to its last traded price.
An Air New Zealand 777-300 chartered by the German government to repatriate citizens departed Auckland on Friday afternoon bound for Frankfurt via Vancouver.
