Virgin Australia has gone into voluntary administration after the federal government again ruled out saving the airline, Guardian Australia’s Ben Butler and Anne Davies report.
The move will put more than 10,000 jobs and more than $1bn in prepaid tickets at risk.
The airline, which has been largely grounded since 25 March due to the coronavirus crisis, will appoint John Greig, Vaughan Strawbridge and Richard Hughes of big four accounting firm Deloitte as administrators.
The move comes after the federal government rebuffed its plea for a $1.4bn loan as part of a wider bailout of the industry and despite duelling offers of support from New South Wales and Queensland.