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Old 25 Apr 2020, 09:19 (Ref:3972775)   #4
justracing
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justracing should be qualifying in the top 10 on the gridjustracing should be qualifying in the top 10 on the grid
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Originally Posted by E.B View Post
Virgin Australia went into Admin. earlier this week.... and they sponsored the V8 championship. (with cheap flights for team and not much cash AFAIK.)

Apparently owing A$7 billion to creditors.
https://www.smh.com.au/business/comp...24-p54my4.html
The scale of this dilemna is staggering and more than adequately demonstrated by this announcement, the loss of employment alone is frightening although it would seem that there are a number of consortiums showing interests already so hopefully the 10,000 or so employees and of course their dependants may have some salvation. That's not to mention the catering suppliers and their suppliers, et al. However it serves to demonstrate how far reaching this pandemic really is on just one, albeit major, company. I don't think the general public have grasped the likely outcome even after we get the get the all clear from the virus itself.
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