In a statement to the Australian Stock Exchange (ASX) Virgin Australia acknowledged media reports that it was requesting financial support from the Australian Government in the order of $1.4bn as part of a broader industry support package to prepare for a prolonged crisis. According to the statement this is a preliminary proposal and remains subject to approval by the Virgin Australia Holdings Board and the Australian Government and may or may not include conversion to equity in certain circumstances. “Companies like the Virgin Australia Group are taking a range of measures to respond and manage the financial impact. However, support

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