Virgin Australia
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Australia’s second biggest airline, Virgin Australia (VAH.AX), has become the first large corporate coronavirus casualty, announcing it will enter voluntary administration on Tuesday morning. The decision follows crisis talks held on Monday evening after the airline failed to secure a desired $1.4 billion lifeline from the federal government. In a statement to the ASX on Tuesday…
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Virgin Australia, the No. 2 carrier in Australia is to slash its workforce after reporting its seventh annual loss in a row. Virgin on Wednesday announced a $315.40 million loss for the financial year to 30 June 2019. On a positive note, the result was a considerable improvement on the airline’s result last year, which…
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