VAH virgin australia holdings limited
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SYDNEY, April 21 (Reuters) - Virgin Australia Holdings Ltd...

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    21/04/20
    09:00
    Post #: 44156950

    SYDNEY, April 21 (Reuters) - Virgin Australia Holdings Ltd (VAH) said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position after being battered by the coronavirus crisis and a high debt load.

    Deloitte has been appointed as the administrator, the airline said in a statement.

    Virgin added that the current management team led by chief executive Paul Scurrah would continue to run the business and it would still operate scheduled domestic and international flights.

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