Virgin Australia collapses, becoming Asia’s first airline to be claimed by coronavirus

Virgin Australia became Asia’s first airline to fall to the coronavirus after the outbreak deprived the debt-burdened company of almost all income.Deloitte will take control of the company, the Brisbane-based airline said in a statement Tuesday. The administrators will be tasked with finding new investors to inject capital, reorganising borrowings or getting a buyer in an attempt to save the business.“We have commenced a process of seeking interest from parties for participation in the…

from South China Morning Post https://bit.ly/2VHQZyE