Virgin Australia collapses under coronavirus strain


Brisbane (Australia) (AFP) – Cash-strapped Virgin Australia collapsed Tuesday, making it the largest carrier yet to buckle under the strain of the coronavirus pandemic, which has ravaged the global airline industry.In an announcement to the Australian Stock Exchange, Virgin said it planned to keep operating flights despite handing the keys to administrators.”Our decision today is about securing the future of the Virgin Australia Group and emerging on the other side of the COVID-19 crisis,” CEO Paul Scurrah said in the statement. “Australia needs a second airline and we are determined to keep f…

Read More