Virgin Airlines Trouble
Virgin is my home away from home. They are my brother, my sister, my mum and dad, my grandfather, We can not collapse. We beg you to help Virgin and all our team. Emotional Virgin Australia staff have begged for the airline to be saved as it reportedly goes into voluntary administration and leaving 16,000 jobs in limbo.
It’s understood the board held crisis meetings Monday afternoon and an official announcement is ‘imminent’ following the New South Wales and Queensland government’s failing come up with enough cash to bail out the grounded airline. Then those employees of Virgin, they will still be able to use that Job Keeper that $130 billion announcement that we made in recent weeks that has so supported Australia through this COVID-19 pandemic. The airline is struggling to overcome the $5 billion in debt to come from the COVID-19 pandemic. I think we all want to see Virgin survive. They have some very big shareholders with deep pockets, namely China-related companies, as well as Eithad, Singapore Airlines.
Deloitte is expected to handle the administration process. Virgin founder Sir Richard Branson wrote a lengthy open letter demanding government support for his ailing business while warning Australia’s skies could look very different if Qantas was the only carrier left. If Virgin collapses, then we will see a monopoly, one large airline controlling Australia’s skies.
Sourced Via – News.com.au