Virgin Australia gone into a Trading Halt ahead of an Expected Announcement.
10News Flash [ Thu 16 Apr 2020 21.00 AEST ]
The Australian government will pay Qantas and Virgin Australia up to $165m to maintain key domestic flight routes over the next two months.
The move means Virgin Australia, which is under intense financial pressure and had grounded its fleet, will resume flying on Friday and continue the routes for at least the next eight weeks.
Virgin Australia (Wikipedia)
Virgin Australia commenced services on 31 August 2000 as Virgin Blue, with two aircraft on a single route. It suddenly found itself as a major airline in Australia's domestic market after the collapse of Ansett Australia in September 2001. The airline has since grown to directly serve 42 cities in Australia, from hubs in Brisbane, Melbourne and Sydney.
The airline is based in Bowen Hills, Brisbane, Queensland. It was co-founded by British businessman Richard Branson (the founder of Virgin Group), and former CEO Brett Godfrey.
In 2011, the airline went through a massive transformation—the changing of their brand to Virgin Australia. This included the introduction of a new aircraft livery, new uniforms, and new on board menu options. New wide-body aircraft were acquired for use to compete with Qantas, and the roll-out of business class across all the Virgin Australia network.
On 31 May 2016, Chinese aviation holding company HNA Group agreed to purchase 13% of Virgin Australia Holdings for A$159 million.
Virgin Australia Owners.
Etihad Airways (20.94%) Singapore Airlines (20.09%) Nanshan Group (19.98%) HNA Group (19.82%) Virgin Group (10.42%)
https://en.wikipedia.org/wiki/Virgin_Australia