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Virgin Australia collapses

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abbby
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Virgin Australia collapses

Post by abbby » Tue, 21 Apr 2020 10:48 am

Does this spell the end for Virgin Australia..?

https://www.channelnewsasia.com/news/bu ... IzP2OM6HdE
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bgd
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Re: Virgin Australia collapses

Post by bgd » Tue, 21 Apr 2020 11:41 am

It looks like a survival move, protection from creditors.

The airline industry is going to be very different at the end of all this. I would expect fewer airlines, fewer flights and higher fares for quite sometime. Global travel is going to take years to get back to pre-covid days. Maybe it never will.

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Re: Virgin Australia collapses

Post by PNGMK » Tue, 21 Apr 2020 10:34 pm

It's done. I can't see SIA, Etihad etc freeing up cash to prop up Branson. The Aussie govt - quite rightly - is supporting the flag carrier Qantas. We've been through this before with Ansett and TAA - flushed a lot of money down the drain supporting arilines as the taxpayer.
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