VIRGIN Australia this morning extended the existing trading halt on its shares (TD 14 Apr), formally requesting an “immediate voluntary suspension” for up to seven days from today.
VA said it was continuing to consider issues brought about by the COVID-19 crisis, “including discussions with respect to financial assistance and restructuring alternatives”.
The carrier said the talks were at this stage confidential and incomplete, and it is not presently in a position to make an announcement to the market.
Virgin has reportedly requested a $1.4 billion bailout from the Federal Government (TD 31 Mar), and has been conducting a concerted campaign warning about the dangers of an aviation monopoly if it disappears.
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Source: traveldaily