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https://www.wsj.com/articles/virgin-australia-countrys-no-2-airline-enters-bankruptcy-amid-virus-woes-11587428591
SYDNEY—Australia’s second biggest airline, Virgin Australia Holdings Ltd., said Tuesday that it is entering voluntary administration, one of the first big airlines to seek bankruptcy protection as the coronavirus pandemic upends global travel.
The airline’s move comes after it failed to secure the required financial assistance from state and federal governments in Australia. It appointed members of Deloitte to serve as voluntary administrators, and hopes to recapitalize the business and emerge in a stronger financial position.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.