- Jul 23, 2003
This happened on April 21st.
“Our intention is to undertake a process to restructure and re-finance the business and bring it out of administration as soon as possible,” said Vaughan Strawbridge, one of Virgin Australia’s administrators and a partner at Deloitte, in a statement. “We have commenced a process of seeking interest from parties for participation in the recapitalization of the business and its future.”
Virgin Australia is the largest airline to-date to shut down or file for bankruptcy or an equivalent amid the coronavirus pandemic. UK regional carrier Flybe was the first to collapse in early March, followed by regionals Compass Airlines, RavnAir and Trans States Airlines in the U.S.