Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.
FILE PHOTO: A Virgin Atlantic Airbus comes in to land at Heathrow aiport in London, Britain, June 25, 2018. REUTERS/Toby Melville/File Photo
“It is a preliminary proposal and remains subject to approval by the Virgin Australia Holdings board, and may or may not include conversion to equity in certain circumstances,” the airline said in a statement. “Support will be necessary for this industry if the crisis continues indefinitely, to protect jobs and ensure Australia retains a strong, competitive aviation and tourism sector once the crisis is over,” Virgin said in a statement.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Richard Branson's rocket company Virgin Orbit to begin mass producing ventilatorsRichard Branson's California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device.
Leer más »
Switzerland might increase 20 billion franc emergency scheme - Finance MinisterThe Swiss government could increase a 20 billion Swiss francs ($21 billion) loan programme to help keep companies afloat and safe jobs amidst the coronavirus crisis, the finance minister told weekly Sonntagsblick.
Leer más »
Coronavirus Layoffs: Rent The Runway, Lionsgate Latest To Let Workers Go Amid PandemicThe latest on coronavirus layoffs: - Lionsgate Film Group laid off over a dozen staffer - High-end clothing rental service Rent The Runway laid off all retail employees across the country by lisettevoytko
Leer más »
UK start-ups call for emergency support to help them survive coronavirus crisisBritish tech start-ups are lobbying the government for an emergency support package to help them weather the storm of the coronavirus pandemic.
Leer más »
French companies benefiting from state aid can't buy back shares: ministerFrench companies benefiting from financial support from the government to help them through the coronavirus crisis must not buy back their shares, France's finance minister said on Monday.
Leer más »