Virgin Australia has gone into administration

Virgin Australia, an Australian airline who has hubs in Sydney, Melbourne and Brisbane has gone into administration after months of struggles. Several airlines, including Qatar Airways and Singapore Airlines, have a potential interest in the airline. This is bad news for the airline, but it is not the only airline in financial difficulties. City Jet (an Irish ACMI provider) and South African Airways are also nearing collapse. Who would have thought that a flag carrier would be in this kind of a situation? All I can say is… let’s hope for the best, but these are not good days for the aviation industry. 20th of April 2020.

Virgin Australia Defers Boeing 737MAX8 Orders Until 2025 ...
Virgin Australia has gone into administration.
South African Airways to Receive $400 Million Capital ...
South African Airways is also in BIG trouble.
Interim examiner appointed to CityJet
City Jet has gone into examinership (a process in Irish law that assists a company in difficulty).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s