PPRuNe Forums - View Single Post - Government Loan to Virgin Australia
View Single Post
Old 4th Apr 2020, 00:53
  #93 (permalink)  
B772
 
Join Date: Aug 2000
Location: International
Age: 76
Posts: 1,395
Received 4 Likes on 4 Posts
VAH can expect zero bail out funds from the Commonwealth. If the Queensland Government wish to assist that is their prerogative. I am afraid VAH are going to have a slow uncomfortable demise. A contact in Treasury has stated VAH are in a hopeless position. The VAH board have to make a decision soon re administration or face the prospect of jail time. Ansett were put in Administration after losing $182M over the course of a year.
B772 is offline