Virgin Australia asks government for $1.4 billion loan

Virgin Australia was placed in a trading halt this week. The trading halt was to announce that the airline had requested a $1.4 billion ($US843 661 000, £681,863,000, €777,315,000) loan from the Australian government. Virgin has about 6 months of reserves, but requested the loan to “bolster the airline’s ability to reinstate workers once the…