Posts tagged ‘Virgin Airlines’
Pandemic disruption should cause us to reassess aviation policies and airport expansion
Virgin Airlines goes into volubntary administration due to Pandemic
The Management of Virgin Airlines has put the company into administration, due to the impact of the pandemic in reducing need for essential travel, and the huge debt the airline has accumulated. Most Virgin planes are presently sitting at airports, huge stranded assets.
Labort MP for Wills, Peter Khalil, has said in a Facebook Post Labor has been calling on the Morrison Government to Save Virgin. But is this the wisest move given the future for passenger aviation demand in a pandemic with no assurances of a vaccine available and the level of greenhouse gas emissions and climate impact by aviation?
Virgin Airlines is presently owned by Etihad Airways (20.94%), Singapore Airlines (20.09%), Nanshan Group (19.98%), HNA Group (19.82%), Virgin Group (10.42%). Bailing out Virgin is bailing out foreign corporations, some of these owned by other nations.
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