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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?
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.
The cabin supervisor held back tears to deliver an emotional farewell speech to her staff and crew as her plane was about to land. “Tough times don’t last,” she signed off, “but tough people do”.
PROFILES
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Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
