Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.
FILE PHOTO: A Virgin Atlantic Airbus comes in to land at Heathrow aiport in London, Britain, June 25, 2018. REUTERS/Toby Melville/File Photo
“It is a preliminary proposal and remains subject to approval by the Virgin Australia Holdings board, and may or may not include conversion to equity in certain circumstances,” the airline said in a statement. “Support will be necessary for this industry if the crisis continues indefinitely, to protect jobs and ensure Australia retains a strong, competitive aviation and tourism sector once the crisis is over,” Virgin said in a statement.
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