Most of the $5b is foreign owned. Was never going to be bailed out by the Gov.
https://www.abc.net.au/news/2020-04-20/virgin-australia-pilot-calls-for-lifeline-against-insolvency/12165550"He also pointed out that about 75 per cent of the debt is believed to be owed to foreign lenders.
"A bailout of Virgin without an insolvency is likely to result in hundreds of millions of dollars being transferred from Australian taxpayers to foreign lenders," Mr Rochford said."
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