View Full Version : Virgin Australia In Administration
Just announced Virgin Australia has been placed into voluntary administration, with Deloitte's being appointed as the Administrator.
Sue Ridgepipe
20th Apr 2020, 09:56
I haven't seen any official announcements yet, still just media quoting "reliable sources". Can you provide a link to your confirmation?
Down in front
20th Apr 2020, 10:14
Dr Google to the rescue: https://www.independent.co.uk/travel/news-and-advice/virgin-australia-administration-airline-sir-richard-branson-latest-a9473581.html
KRviator
20th Apr 2020, 10:18
Nothing has "officially" come out from what I've seen, though it's the lead story on most every Australian news outlet.
Sydney Morning Herald article (https://www.smh.com.au/business/companies/virgin-australia-set-for-voluntary-administration-20200420-p54lcd.html) and The ABC's article (https://www.abc.net.au/news/2020-04-20/virgin-australia-pilot-calls-for-lifeline-against-insolvency/12165550) for example.
squarecrow
20th Apr 2020, 10:20
https://simpleflying.com/virgin-australia-administration/
markontop
20th Apr 2020, 10:40
VA stands for voluntary administration?
Sue Ridgepipe
20th Apr 2020, 12:24
None of those links provide anything concrete, all just speculation at this stage. It seems the company will be making an announcement tomorrow.
Unknown001
20th Apr 2020, 12:45
None of those links provide anything concrete, all just speculation at this stage. It seems the company will be making an announcement tomorrow.
There is no notice on their web page so they are practically NOT in administration.
krismiler
20th Apr 2020, 12:59
Supposedly to be officially announced tomorrow, Tuesday 21.
KRviator
20th Apr 2020, 23:02
None of those links provide anything concrete, all just speculation at this stage. It seems the company will be making an announcement tomorrow.There is no notice on their web page so they are practically NOT in administration.It's now official. HERE is the ASX announcement (https://www.asx.com.au/asxpdf/20200421/pdf/44h3kq7kcb12fl.pdf)
Flying Clog
20th Apr 2020, 23:08
I'm sure there will be some Chinese investors ready.
The master plan perhaps?
Don't bloody let them I say. Don't fall for it.
Fliegenmong
21st Apr 2020, 06:25
There was a lawyer on the radio this morning who beleived that part / article 51 of the Constitution (?) provides for a 2 airline policy to be a desirable state of affairs. (I really don't know, a I said iot was on the radion so I listened in the time it took me to drive to the shops...)
This would then provide that the Government majority owned it.....and I thought.....they could call it.......... TAA!
ASH26E
21st Apr 2020, 12:07
Err, Fliegenmong...the Australian Constitution was written just prior to powered aviation occurring - I'm told.
Senior Pilot
22nd Apr 2020, 08:17
https://www.pprune.org/australia-new-zealand-pacific/631164-government-loan-virgin-australia-46.html