Breaking: Virgin Australia has gone into a trading halt, following reports the airline is in the advanced stages of restructuring its $5 billion in debt | pwhatch
Virgin Australia has gone into a trading halt as its tries to restructure its crushing $5 billion debt and waits on the government to decide whether to bail the airline out.
Virgin is 90 per cent owned by Singapore Airlines, Etihad Airways, the Chinese conglomerates HNA and Nanshan, and Richard Branson's Virgin Group."Virgin Australia has requested a trading halt as it continues to consider ongoing issues with respect to financial assistance and restructuring alternatives," the company said in a statement on Tuesday morning.
Virgin is 90 per cent owned by Singapore Airlines, Etihad Airways, the Chinese conglomerates HNA and Nanshan, and Richard Branson's Virgin Group.
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