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Virgin’s administrators have taken control of the company and will try to work out a way to save either the company or its business. The move came after the Australian government refused Virgin’s request for a 1.4 billion Australian dollar ($888 million) loan.
Rival Qantas Airways argued that it had three times more revenue than Virgin and was therefore entitled to a AU$4.2 billion ($2.7 billion) loan if the smaller airline was not to gain an unfair advantage.
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20 thoughts on “Coronavirus shutdown: Virgin Australia airline seeks bankruptcy protection”
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