Addendum
June 1st 2020
At press time, Australia’s prime minister, Scott Morrison, said the best medicine for Virgin Australia’s (VA) revival was to restart flying, shifting the emphasis in the battle to keep the airline alive to Queensland, South Australia, Tasmania and Western Australia. “We need to open up these borders,” he said. Read More »
The prime minister was responding to a letter written by VA’s administrator, Vaughan Strawbridge, to lead members of Australia’s cabinet that said the airline would run out of cash by June 30.
The Deloitte partner said the sale of the airline to either Bain Capital or Cyrus Capital Partners was in the balance and asked the Morrison government to guarantee tickets sold to date for the remaining period of the airline’s voluntary administration.
Other requests in the letter, sent on June 9, included extensions of Australia’s employment support scheme and slot protection measures and redressing the imbalance of government travel business between VA and the Qantas Group.
