The funding comes on top of a $1 billion package the government has already
committed to, to keep the aviation industry afloat during the coronavirus crisis.
Very very bad idea we are being f robbed by this bunch of crooks
The national carrier has paid no tax on $62 billion in total income over the four years of Tax Office transparency data. Virgin, with its $18 billion in income and zero tax payable, is piddling by comparison.Mar 15, 2019
'Are you arguing to let airlines, for example, fail?' 'Yes,' Chamath Palihapitiya said yesterday.
Bad decision. Did we not learn anything from bailing out Holden, and in 2008 USA bailing out the banks ...while the CEO’s still got their $million dollar bonuses ?
Hope that little Irish gay man and other over paid Qantas execs have sacrificed their mega salaries before Australian tax payer has to pay out
And the CEOs will take a HUGE pay cut , that would be fair and affordable. Tax payers can not be expected to chip in towards their multi million $$ salary..
How is the government going to pay for this, debt is skyrocketing.
Has anyone got the feeling gst will be going up.
No. Virgin is NOT an Australian coy. Shareholders are etihad, hna, singapore and sir richard. Let them bail out Virgin
Since virgin is 80% foreign owned I do hope that any loan is subject to at least getting back lost tax revenues
As opposed to fun fairs ?
Privatise the profits, nationalise the loses. It’s not fair.... or fare?
It’s fares not fairs.