Coronavirus casualty Virgin Australia could prosper under new owners

Virgin Australia's entry into administration could give any successful bidder for the airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses. Hit hard by the fallout from the coronavirus pandemic, Virgin appointed an administrator Tuesday to try to sell the airline and more than 10 parties have expressed an interested in recapitalising it. Its losses are largely down to its international and budget divisions and efforts to turn the airline around have been often stymied by a board that includes representatives from the 5 foreign investors who control more than 90% of the company. "Having 5 different owners of very, very different shades obviously wasn't ideal. Getting them off the register would be great," said CAPA. <br/>