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ACCC chairman Rod Sims has said that he is watching “extremely closely” to prevent anti-competitive behaviour from Qantas, as administrators work to resuscitate Virgin Australia. The news comes after Qantas chief executive Alan Joyce hinted at post-virus bargains, designed to stimulate demand in the domestic travel sector. This content is available exclusively to Australian Aviation
The competition is fierce amongst potential buyers for Virgin Australia, but how is the current uncertainty around flights as well as threats from Alan Joyce going to affect the sale getting over the line?
Virgin Australia’s administrator will borrow $200 million to keep the airline flying at it sifts through potential suitors in preparation for a sale.
Virgin Australia’s administrator has told the first meeting of shareholders that there are now 20 parties interested in buying the airline – up from 10 confirmed last week.
Queensland’s State Development Minister Cameron Dick has urged Virgin Australia staff to show their support for a reborn airline remaining in Brisbane, ahead of a crunch shareholder meeting on Thursday.
The company that operates Velocity Frequent Flyer is to peruse Virgin Australia as a creditor to recoup a $150 million loan extended in 2014.
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