More to it than saving 10,000 jobs. Look at it holistically. It's been stated it affects the tourism industry and consumers. It's a cycle.
Yes, Ansett did not get any bailout. But Virgin Blue was there to fill the gap. No one is capable of filling the gap this time as globally all airlines will be wounded. And then, holistically, the industry suffers as do consumers. It's not just about 10,000 under the circumstances.
You're making the assumption that a $1.4B bailout will save Virgin. It won’t. It hasn’t made a profit in years despite being in one of the best times for world airlines I’ve seen in decades. A $1.4B bailout might delay the inevitable 6 months or so, but were still going to end up with the same result. A failed airline. The only difference is the Australian taxpayer will be $1.4B out of pocket.