Regional centres are concerned they could be badly hit by the potential collapse of Virgin Australia.
People in regional centres and isolated towns around Australia are worried they will be hard hit by the potential collapse of Virgin Australia and face higher ticket prices and fewer flight options.
"This is going to really affect Territory families in the bush, we don't have the option to access the airport at all hours of the day," she said.
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Foreign shareholders 'responsible' for Virgin Australia: Cormann | Sky News AustraliaFinance Minister Mathias Cormann says Virgin Australia's 'substantial foreign shareholders' had 'the first responsibility' to bail out the airline. \n\nMr Cormann said the government wished to 'continue to see two airlines in Australia' but believed the government had provided substantial support 'on an economy-wide or sector-wide basis'.\n\n'There is a clear public interest to have competition in the aviation sector,' he said. \n\n'Administration offers an opportunity to deal with the challenges Virgin had been dealing with since before the COVID-19 pandemic.'\n\nImage: Getty\n\n\n
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Govt in 'risky' game of chicken with Virgin Australia | Sky News AustraliaThe government is playing a high “political risk” game of chicken with Virgin, according to Sky News Political Editor Andrew Clennell. \n\nVirgin Australia on Tuesday entered voluntary administration, putting 16,000 jobs and Australia’s two airline aviation system at risk. \n\nThe government previously rejected a $1.4 billion bailout proposal and on Monday evening knocked back a request for a $100 million grant to keep the company afloat for an additional couple of weeks. \n\nMr Clennell said the government was taking a gamble. \n\n“It does seem a bit of a trend for the government to want to do more for small and medium businesses than for big business. \n\n“I don’t know how it will be received if there is no buyer. If there ends up being a buyer down the track then its all good. The government will be proven to do the right thing. \n\n'They might have some political concerns around it if the thing just goes under completely.'
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Virgin Australia set for voluntary administrationSeveral private equity firms are already sniffing around looking to potentially buy Virgin Australia out of administration, which will see some of its debts wiped and aircraft leases renegotiated
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Labor calls on Morrison Govt to save thousands of Virgin jobs | Sky News AustraliaBill Shorten is calling upon the Morrison Government to ensure 'Virgin doesn't fall over'. \n\nMr Shorten said hundreds of families of Virgin workers are facing significant financial crises if the airline collapses. \n\nThe former opposition leader said Australia is facing the reality of becoming a one-airline nation. \n\n'If Virgin collapses a lifeline to the regions will be cut,' he said. \n\n“You’d have to believe in unicorns if you think that one large airline won’t see airfares go up,” he said. \n\nImage: News Corp Australia
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NSW government flags conditional Virgin bailout | Sky News AustraliaThe New South Wales treasurer has flagged the possibility the state government may offer Virgin Australia financial support if it moves its headquarters to the state.\n\nDominic Perrottet confirmed to Sky News he had been in discussions with the cash-strapped airline over its future and would like to see them become a tenant at the new Western Sydney Airport when it opens.\n\nThe Queensland government already offered $200 million - on several conditions - including it keeps its headquarters in Brisbane.\n\nBut the offer comes well short of the $1.4 billion the airline has sought out to survive the coronavirus crisis.\n\nImage: News Corp Australia\n\n
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NSW government negotiates with Virgin to relocate HQ to Sydney: Treasurer | Sky News AustraliaSky News host Sharri Markson has revealed NSW Treasurer Dominic Perrottet is in negotiations with Virgin Australia regarding “financial support” but the airline would “have to have the HQ of both Virgin and Tiger at the Western Sydney Airport site”.\n\nMr Perrottet told Sky News exclusively he has raised the possibility of Virgin moving its headquarters to the new aerotropolis facility at the new airport and it is “obviously part of the discussions we are having at the moment” regarding a potential bailout.\n\nThe Queensland Government have announced it would hand the airline $200 million in a bid to boost and maintain competition in Australia’s airline industry.\n\n“Virgin should have their headquarters for both Virgin and Tiger in Sydney,” Mr Perrottet said.\n\n“I’m always open for businesses right across the country to relocate to New South Wales and create jobs here in our state”.\n\nImage: Getty
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