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The two governments have become embroiled in a war of words over where the headquarters of Virgin would be if the airline receives a combined bailout funded by a number of states.
The Palaszczuk government has announced this morning it will offer $200 million towards a national package to support COVID-19 impacted airline Virgin. The offer is contingent to a similar backing from the federal government plus other states and territories. This content is available exclusively to Australian Aviation members. Login Become a Member To continue reading
The government has finalised a long-muted deal with Qantas and Virgin to underwrite a minimum domestic network, to the value of $165 million.
Federal Treasurer Josh Frydenberg has played down speculation the government could bail out Virgin, and urged its shareholders to step in.
Speculation is mounting that Etihad, Singapore, Nanshan and HNA have all declined the chance to pour in more money, with the search now extending to outside investors.
Virgin Australia entered into a trading halt on Tuesday morning as speculation mounts as to whether the airline will receive a bailout.
