Virgin will likely be nationalised as they cannot service this loan. Qantas will be able to service theirs. Either way, I see VA will come out more favoured.
Didn’t happen for Ansett, why will it happen for VA?
We have a government that is ideologically opposed to spending money but is being forced by circumstances to spend billions on healthcare, bailing out hundreds of thousands of workers, bailing out the regional airline industry, and a large stimulus to get people spending when this is all over. I don’t think they are willing to spend unless it’s a necessity.
Ensuring two airline groups exist in the country won’t be high on the agenda of this government in current times.