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
Chief executive Kevin Brown accuses the airline of not paying fees since January and says passenger numbers are 97 per cent down.
Virgin Australia Group’s chief executive Paul Scurrah revealed more than 10 parties have expressed interest in recapitalising the company after it entered voluntary administration on Tuesday morning.
Virgin Australia has finally confirmed to the ASX that it has entered voluntary administration.