Virgin Australia is reportedly seeking a $1.4 billion loan from the Federal Government to survive a prolonged coronavirus grounding.
Under the plan, if the airline was unable to repay the loan in full within two to three years, the government would take an equity stake in the company.
Mindful of potential criticism over the Government bailing out Virgin alone – including recent comments by Qantas CEO Alan Joyce that the Government "can’t pick winners and losers" and that any aid should be shared across the sector – Scurrah is said to have suggested that rescue package "not be exclusive to Virgin and should be part of a broader aviation industry package of up to $5 billion"
Virgin Australia seeks $1.4 billion Government bailout