Business
Jobs, aircraft, lounges: Virgin ready to explain Virgin 2.0 – The Australian Financial Review
More than half of Virgin Australia’s jobs are safe under an ambitious plan to reboot the airline under private equity ownership.
Virgin’s board called in administrator Deloitte in April. Deloitte discovered more than 10,000 creditors, most of who were employees. That number did not include customers entitled to credits for flights cancelled during the COVID-19 pandemic.
The creditors included secured lenders and financiers owed $2.28 billion, unsecured bondholders owed $1.99 billion, trade creditors ($167 million), aircraft lessors ($1.88 billion), landlords ($71 million), employees ($451 million) and customers entitled …
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