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Interest in Virgin

Administrators will make a decision on Virgin’s future over the coming months.

The airline is struggling to service $5 billion in debt, with Covid-19 making the situation even more difficult.

Deloitte will restructure the company’s operations, but insist there is no plan for widespread job losses.

Chief Administrator Vaughan Strawbridge says at least 10 bids to refinance the company have already been submitted.

Oliver Peterson spoke with Deputy Prime Minister Michael McCormack.

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