Australia's airline major new model Corona virtually collapsed due to suspension / reduced flight April 21 12:04
Australian airline giant Virgin Australia, which was in serious business difficulties due to the spread of the new coronavirus infection, has virtually gone bankrupt and has entered into procedures equivalent to Japanese civil rehabilitation procedures etc. I chose
Australia's aviation giant, Virgin Australia, has suspended all regular international flights due to the spread of the new coronavirus, and domestic flights have significantly decreased, so the financial situation has deteriorated rapidly. I was asking the federal government for help.
However, due to difficulties in coordination, Virgin Australia issued a statement on the 21st, revealing that it has entered into voluntary management procedures equivalent to the civil rehabilitation procedure in Japan. This is effectively a bankruptcy, and the company will aim to rebuild under the appointed trustee, but it means that the operation will continue while proceeding with the procedure.
According to local media, the total debt is about A $ 5 billion and the Japanese yen amounts to about ¥ 340 billion.
In a statement, Virgin Australia said, "We are determined to keep flying. Once the new coronavirus is over, we will be extremely committed to rebuilding the Australian economy by offering competitive and high quality air travel. It will play an important role, ”and emphasizes its stance toward early reconstruction.