news.com.au reporting voluntary admin, page-38

Entering Voluntary administration isn't all bad for the company:

"It is understood the Federal Government's preferred option is for the company to go into administration to clear the way for the company's rescue..."

"Voluntary administration does not mean the company ceases trading or that employees immediately lose their jobs.When an insolvent company goes into voluntary administration, it is placed in the hands of an independent administrator who determines the best path forward for both the business owners and its creditors. It can be broken up or kept intact and sold. If it went into administration, the Federal Government could buy an ownership stake for the bailout money, or it could guarantee a buyout by another entity such as a superannuation fund..."

Source:
https://www.dailymail.co.uk/news/article-8236003/Virgin-Australia-expected-collapse-voluntary-administration-imminently.html