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Australian aviation demand plummets，Loss of 22.4 billion yuan and entered bankruptcy custody

Author of this 188bet game: CCTV Finance 2020-04-22

The grounding wave 188bet game affect nearly 25 million jobs.

21st，Virgin Australia, Australia’s second largest airline announced，Due to the collapse of air travel demand caused by the new crown pneumonia epidemic and its own high debt，The 188bet game voluntary administration procedure，To recapitalize and improve financial position。

Virgin Australia said on the 21st local time，The 188bet game voluntary administration procedure，To recapitalize and improve financial position。Currently，The company’s management team led by CEO Paul Scurrah，Scheduled domestic and international flights will still be operated，To help transportation workers，Maintain freight channels。

As understood，Before entering bankruptcy trusteeship，Virgin Australia’s debt exceeds A billion，Approximately RMB 22.4 billion。Currently，The company has appointed four bankruptcy experts from the accounting firm Deloitte to serve as trustees。According to the trustee，What they need to do next is restructuring and financing，Several companies have expressed interest in participating in the reorganization。

After the outbreak of new coronavirus pneumonia in Australia，Virgin Australia has previously laid off 8,000 of its 10,000 employees，And suspend all international routes。

United Airlines recently stated，Based on preliminary calculation，The company’s net loss in the first quarter of 2020 was US.1 billion，Far exceeded the market’s previous expectations。

According to data recently released by the International Air Transport Association，Affected by the epidemic，Airline passenger revenue may plummet by US4 billion in 2020，Down 55% year-on-year。And three weeks ago，This association’s forecast is if strict travel restrictions continue for 3 months，Income decreased by 44% compared to last year。But，The wave of groundings has an impact far beyond the airlines themselves，25 million jobs in global aviation and related industries 188bet game threatened。

*Source of this 188bet game:CCTV.com，Author: CCTV Finance, original title:《Liabilities 22.4 billion！The country’s second largest airline，Collapsed during the epidemic！Caught in a "life and death situation"》.

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