Virgin Australia plans to continue to operate its current bare-bones service while external administrators try to attract buyers so that the stricken airline can survive the coronavirus crisis. One of the administrators, Vaughan Strawbridge, said he did not plan to make any of the airline’s 10,000 employees redundant. Employees who were still working would continue to be paid and the approximately 8,000 staff who have been stood down will continue to receive the jobkeeper allowance, he said. An additional 6,000 contractors and 4,000 suppliers also rely on Virgin Australia, said the airline’s chief executive, Paul Scurrah. But while the airline will continue as is for the moment, Strawbridge said its future shape after exiting voluntary administration – including how many planes it had and how many routes it flew – was yet to be decided. Virgin Australia on Tuesday morning told the stock exchange it had appointed Strawbridge, John Greig, Sal Algeri and Richard Hughes of the big-four accounting firm Deloitte as administrators. The move comes after the federal government rebuffed repeated requests from Virgin Australia for a bailout and despite duelling offers of assistance from the Queensland and New South Wales governments. Scurrah said he was “disappointed” that the… Read full this story
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