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Virgin Australia enters voluntary administration

Article image for Virgin Australia enters voluntary administration

Virgin Australia confirmed to the ASX on Tuesday morning that the airline has entered voluntary administration.

Virgin Australia say in a statement the Board of Directors has appointed Deloitte as voluntary administrators of the company.

They go on to say they did seek financial assistance from a number of parties, but failed to get the support.

Virgin Australia has told customers in a tweet that the company will continue with scheduled flights and travel credits will remain valid.

Aviation writer Geoffrey Thomas explained the situation.

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