Virgin Australia is expected to collapse into voluntary administration ‘imminently’

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Virgin Australia ‘sensationally collapses into voluntary administration after failing crisis talks failed to save the embattled airline’ – leaving 16,000 employees in limbo

  • Virgin’s board is reported to have put the airline into voluntary administration
  • The airline would not confirm or deny the claim on Monday evening
  • 16,000 jobs at risk however the airline could continue trading in administration  
  • Learn more about how to help people impacted by COVID

By Wires

Published: | Updated:

Virgin Australia is reported to have gone into voluntary administration after state government crisis talks failed to raise enough money to keep the airline flying.

Citing unnamed sources, the Sydney Morning Herald reported on Monday the cash-strapped carrier has been unable to weather the coronavirus crisis due to its debt load.

The newspaper said the airline’s board of directors was meeting on Monday, with a source saying the announcement of it going into administration was ‘imminent’.

More to come.