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Virgin Australia’s administrator, Deloitte, has confirmed investors are already interested in saving the airline after it entered voluntary administration.
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Virgin Australia has finally confirmed to the ASX that it has entered voluntary administration.
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Virgin Australia is set to enter voluntary administration after a crunch meeting of its board of directors on Monday, according to reports.
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The government has granted approval for Sydney Airport to use the shortest of its three runways to store grounded aircraft.
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Virgin Australia Group has asked the government for a $1.3 billion loan, according to a number of reports.
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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.