Analysis: What looks at first like the collapse of Virgin Australia could be a necessary step to wipe the slate clean and start again | CroweDM
Only by overhauling the old Virgin will the company be in a position to claim taxpayer aid so the new Virgin survives.
Morrison says again and again that he wants two airlines in Australia. That does not mean saving Virgin's existing shareholders. A voluntary administration, like the one the Ten Network went through in 2017, can keep employees working while owners and lenders suffer their financial pain.
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Victoria has 'no plans' to prop up embattled Virgin AustraliaThe Andrews government has rejected Queensland's call for 'all governments' to help fund embattled airline Virgin Australia through the coronavirus crisis.
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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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'We will bring a bazooka': States in a bidding war for Virgin HQQueensland has vowed to 'stop at nothing' to keep Virgin's headquarters in Brisbane and has warned the NSW government to 'back right off'.
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