Virgin Australia extends trading suspension amid financing talks

Virgin Australia has requested for a trading suspension following a trading halt, while it continues to work out funding options. The carrier requested a trading halt April 14, due to end Wednesday morning, to discuss financing and restructuring alternatives. The airline is now requesting a suspension for an additional 7 days or until it makes an announcement, whichever is first. According to Australian Securities Exchange (ASX) listing rules, both trading halts and trading suspensions can be requested on a voluntary basis but the maximum permitted duration of a trading halt is generally 2 trading days. Canberra has yet to directly address whether it will grant the request, and ministers point to relief packages already announced for the country’s aviation sector. <br/>