It is understood that Virgin Australia could be placed into voluntary administration within days unless the federal government steps in to save the airline or it can be rescued by the private sector.
Former Queensland premier Peter Beattie, who gave Virgin $10 million to base its headquarters in Brisbane in 2000, says the tourism sector would be “devastated” if the airline goes under. Whereas federal Liberal MP, Jason Falinski, believes that Virgin needs to be kept afloat, and that the federal government and taxpayers may end up being the “buyer of last resort”.
From The Australian:
