VIRGIN Australia has issued a statement confirming it continues to explore “a range of options” to manage through the coronavirus crisis.
The statement, issued on behalf of CEO and managing director Paul Scurrah, came as the company went into a trading halt.
According to the company, options include “requesting financial support from the Australian government in the order of $1.4bn and may or may not include conversion to equity in certain circumstances”.
“Companies like the Virgin Australia Group are taking a range of measures to respond and manage the financial impact,” the company stated.
“However, support will be necessary for the industry if this crisis continues to indefinitely, to protect jobs and ensure Australian retains a strong competitive aviation and tourism sector once this crisis is over
“Virgin Australia continues to be in compliance with its continuous disclosure obligations.”