@DavoMagic; there's a case for government underwriting Qantas and becoming a part owner thereof, that's not the case for other carriers.
Overseas owners chose to load Virgin up with high cost debt to ensure it never ever earned a profit in Australia, ensuring that owners avoided tax in Australia - well now they can run, jump and cop the lumps that capitalism is supposed to deliver.
Once recovery starts we'll be flooded with carriers wanting access to our markets, possibly even a new version of Virgin minus its crippling and expensive debt.
