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Grounded Virgin Australia aircraft are parked at Brisbane Airport
AIRLINE Virgin Australia has gone into voluntary administration a day after its minority shareholder Sir Richard Branson made a fresh plea to the British government to help him save Virgin Atlantic.
About 16,000 jobs are hanging in limbo after Australian PM Scott Morrison denied Virgin Australia’s request for a £710 million bailout to keep it afloat during the coronavirus pandemic.
The company made the announcement of voluntary administration today in a statement to the Australian stock exchange after a board meeting of the firm’s international shareholders, who voted against providing more financial support.
Our economic system is broken – and unless we break with the government’s obsession with short-termist private profit, things are destined to get worse, warns Mercedes Villalba
