VAH virgin australia holdings limited
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SYDNEY, April 20 (Reuters) - Virgin Australia Holdings Ltd...

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    20/04/20
    17:00
    Post #: 44147608

    SYDNEY, April 20 (Reuters) - Virgin Australia Holdings Ltd (VAH) is preparing to enter voluntary administration, the Sydney Morning Herald reported on Monday, citing unnamed sources, with the cash-strapped carrier unable to weather the coronavirus crisis due to its debt load.

    The newspaper said the airline's board of directors was meeting on Monday, with a source saying the announcement of it going into administration was "imminent".

    Virgin did not respond immediately to a request for comment.

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