Victoria has 'no plans' to prop up embattled Virgin Australia
The Andrews govt has rejected Queensland's call for "all govts" to help fund embattled Virgin Australia through the coronavirus crisis. The carrier has been in a trading halt since Tuesday, has grounded almost its entire fleet, and is drowning in close to A$5b of debt. The Annastacia Palaszczuk govt in Queensland has offered Virgin a partial lifeline of $200m on the condition it restructured its debt, continued regional flights and kept its headquarters in Brisbane. "If we're going to get through this pandemic with 2 national airlines...then all govts need to come together to ensure that is the case," Queensland's State Development minister Cameron Dick said. Deputy PM Michael McCormack said that "the best solution for the airline would be a market solution". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-20/unaligned/victoria-has-no-plans-to-prop-up-embattled-virgin-australia
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Victoria has 'no plans' to prop up embattled Virgin Australia
The Andrews govt has rejected Queensland's call for "all govts" to help fund embattled Virgin Australia through the coronavirus crisis. The carrier has been in a trading halt since Tuesday, has grounded almost its entire fleet, and is drowning in close to A$5b of debt. The Annastacia Palaszczuk govt in Queensland has offered Virgin a partial lifeline of $200m on the condition it restructured its debt, continued regional flights and kept its headquarters in Brisbane. "If we're going to get through this pandemic with 2 national airlines...then all govts need to come together to ensure that is the case," Queensland's State Development minister Cameron Dick said. Deputy PM Michael McCormack said that "the best solution for the airline would be a market solution". <br/>
