NEWS: Perth Airport seizes a number of Virgin Australia aircraft

LOL. Richie Rich, you better start paying some of those overdue invoices. How embarrassing.

Well done to Perth Airport. Great move.

Article: LINK

Perth Airport has seized a number of Virgin Australia aircraft and blocked them from being moved.

The company, which entered voluntary administration this week under a mountain of debt, owes Perth Airport $16 million for its terminal lease and airfield usage.

A number of vehicles, including a bulldozer, have been parked in front of four planes.

“Virgin has significant outstanding invoices from Perth Airport for airfield and terminal use charges – money the airline had already collected from its passengers and the FIFO sector,” a Perth Airport spokesperson said.

And so, it’s holding on to a few of the collapsed airline’s planes – just in case.

“Perth Airport has taken liens over a number of Virgin aircraft – a standard practice in these situations.”

A lien is term that describes a legal claim to property that's made in order to satisfy a debt.

T1 Terminal at Perth – Virgin’s base there – has been closed for weeks due to coronavirus.

It is operating some charter flights from a different terminal to service fly-in, fly-out mining workforces in Western Australia.

The company owes $6.9 billion to some 10,000 creditors, according to an initial review by administrator Deloitte.

That sum includes about $2.3 billion of secured debt, $2 billion of unsecured bonds, $1.9 billion of aircraft leases, $450 million owed to employees, $167 million to trade creditors and $71 million to landlords.

– News.com.au with Reuters