Virgin Australia Group’s chief executive is still optimistic he can secure a bailout for his airline despite Scott Morrison playing down the possibility on Thursday.
The chairman of the Australian Competition and Consumer Commission (ACCC) has publicly leant his support to Virgin Australia, which is currently seeking a bailout.
COVID-19 is undeniably the biggest upset the aviation sector has ever seen and the Australian government is providing some hefty bail-outs to our airlines, but is it enough to keep the industry afloat?
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.
Virgin Australia Group has asked the government for a $1.3 billion loan, according to a number of reports.