Original article by Robyn Ironside
The Australian – Page: 1 & 4 : 22-Apr-20
Virgin Australia CEO Paul Scurrah says the embattled airline is not expecting to receive a federal government bail-out following its descent into voluntary administration. He adds that the government has rejected nine requests from Virgin for financial assistance, while Treasurer Josh Frydenberg notes that Virgin is controlled by five large foreign shareholders that have "deep pockets". Vaughan Strawbridge of Deloitte, who has been appointed as administrator of Virgin, believes that the carrier could be sold within 2-3 months. More than 10 potential buyers are said to have expressed interest in buying Virgin, including a number of overseas investors.
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA. DEPT OF THE TREASURY, DELOITTE TOUCHE TOHMATSU LIMITED