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Australia Virgin Australia in talks with government about support for airline industry

01:46  31 march  2020
01:46  31 march  2020 Source:   reuters.com

Virgin boss seeks ACCC probe into Qantas comments on bailing out airline amid coronavirus pandemic

  Virgin boss seeks ACCC probe into Qantas comments on bailing out airline amid coronavirus pandemic Virgin Australia asks the consumer watchdog to investigate whether Qantas is using the coronavirus pandemic to permanently ground its competitor.Virgin Australia chief executive Paul Scurrah has written to the Australian Competition and Consumer Commission (ACCC), taking aim at counterpart Alan Joyce's criticism of suggestions the Federal Government should bail out the airline.

Virgin Australia seeks a .4BILLION loan to save the airline from collapse as the coronavirus 'We have been in ongoing discussions with government about the support the whole industry will Mr Scurrah said Virgin was talking to major employers about finding work for affected employees.

Virgin Australia boss Paul Scurrah is leading a push for the government to again dip into taxpayer Virgin has previously said it is prudent to begin conversations with the government about rescue "I have been in close contact with our airline industry and this immediate package of support was

a fighter jet sitting on top of a runway: FILE PHOTO: A Tigerair Australia plane sits on the tarmac near Virgin Australia aircraft at Melbourne's Tullamarine International Airport, Australia © Reuters/David Gray FILE PHOTO: A Tigerair Australia plane sits on the tarmac near Virgin Australia aircraft at Melbourne's Tullamarine International Airport, Australia SYDNEY (Reuters) - Virgin Australia Holdings Ltd said on Tuesday it was in talks with government about the support needed for the airline industry if the coronavirus crisis is prolonged.

The Australian newspaper reported the country's second-largest airline had sought a $1.4 billion loan rescue package that would see the government take an ownership stake if it was unable to repay the loan in two to three years.

It was part of a broader proposal for $5 billion of support to the local aviation industry, the newspaper said without saying where it got the information.

Virgin Australia boss unable to guarantee airline's future

  Virgin Australia boss unable to guarantee airline's future The boss of Virgin Australia says the company is fighting to save jobs of 8000 workers stood down but can't guarantee the airline's future.Paul Scurrah, the carrier's CEO, spoke to Today after management stood down about 8000 of 10,000 workers until at least the end of May and further slashed domestic flights in the wake of tighter border restrictions.

Virgin Australia has descended further into junk territory after its credit rating was downgraded from B- to It further underscores the need for action by the Australian government to provide industry It suggested help from major shareholders Etihad Airways , Singapore Airlines , Nanshan Group, HNA

Under CEO John Borghetti, Virgin Australia Holdings Ltd transformed from a budget airline into a serious rival to Qantas Airways Ltd with the backing of strategic The support , however, came at a price - a shareholder register dominated by airline partners with competing interests and a sometimes

"We have been in ongoing discussions with government about the support the whole industry will need if this crisis is prolonged," a Virgin Australia spokesman said, without providing further details of its request.

(Reporting by Jamie Freed; Editing by Chris Reese)

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Corona crisis: Condor rescue is on the verge of extinction .
The Polish airline LOT was supposed to take over the badly battered airline Condor. But now the Poles are obviously creating new conditions that can hardly be met. The deal seems to have failed. © INA FASSBENDER / AFP The planned takeover of the badly damaged holiday airline Condor by the Polish holding company PGL is about to end. According to SPIEGEL information, the parent company of the Polish airline LOT is said to have made extreme demands on the Federal Ministry of Economics in Berlin.

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