RetroRoo wrote:Here's a great piece on why the Australian government isn't racing to bail out Virgin Australia before this period of administration: https://www.smh.com.au/politics/federal ... 54ljq.html
I agree with this. As a citizen of the US, I was annoyed that we bailed out the automobile companies without forcing them to file bankruptcy first. (Banks cannot file bankruptcy in the US.) I'd think that the Australian federal and state governments could buy VA out of administration or something of the like, forcing the bondholders and shareholders to eat the losses they were already about ready to eat.