VA suspends shares

VA suspends shares

VIRGIN Australia has once again requested a trading halt for its shares on the Australian Securities Exchange (ASX), with the airline suspended until Thu.

“Virgin Australia requests a trading halt as it continues to consider the issues brought about by the COVID-19 crisis including discussions with respect to financial assistance and restructuring alternatives which are ongoing,” the formal request to the ASX read.

The move follows confirmation late last week that VA was suspending almost all of its domestic operations (TD breaking news), leaving just a six weekly Sydney-Melbourne frequency.

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Source: traveldaily