Regional Gateway - Chloe Greenbank

With aviation practically at a standstill, this week has seen yet more casualties for airlines. Virgin Australia has entered voluntary administration, although the administrator, Vaughan Strawbridge of Deloitte, has vowed to restructure and re-finance the business as it seeks out new buyers and investors.

Virgin Australia is not alone. Virgin Atlantic and Norwegian are also facing uncertain futures and have requested government support in order to survive. In the case of the latter, four of the Norwegian Group’s subsidiaries in Denmark and Sweden have filed for bankruptcy....more

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