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30-04-2020
Column: Travelling Places - CORONA VIRUS IMPACTS
Column: Travelling Places - CORONA VIRUS IMPACTS
14 February there was very little impact of COVID-19 apart from in China. Extraordinary what can happen in such a short period of time.

This week we have seen Virgin Australia go into administration. It would seem that Virgin has been in financial difficulties since they switched from being a low-cost carrier to trying to compete with Qantas; the COVID-19 stop on travel was the last straw. The relatively new CEO at Virgin had already started the process of restructuring the airline to bring its finances into line.

As I write there are reports that several other parties are interested in securing a stake in the airline and hopefully retaining Australia’s second airline – quite how this will look is being discussed. Virgin is currently advising that it will honour all credits, vouchers and tickets. If new shareholders purchase the airline you would think they will be at pains to protect and nurture their existing customers. No doubt there is a lot more to come from the Virgin story.

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