Virgin Australia has asked the government for a $1.4 billion loan to help it survive the coronavirus crisis
Qantas has told the Morrison government it expects a $4.2 billion loan to "level the playing field" if it bails out smaller rival Virgin Australia with a $1.4 billion coronavirus rescue package.
Qantas boss Alan Joyce has been lobbying against government support for Virgin, saying last week that government should not help companies that"have been badly managed for 10 years" and that helping Virgin and not Qantas would be"completely unfair" on his airline.
Last week, Qantas raised $1 billion in fresh debt from the market in a loan secured against aircraft it owns to help it through the crisis. The company has $3.5 billion in other assets it can use to raise more cash.
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