Word is that Virgin will go into administration in the next few days - I think the rumors of a Chinese takeover were just smoke and mirrors.I've also heard that the Fed Govt are making a bail out contingent on VA relocating their HQ to the new Western Sydney airport.
It's really not that catastrophic, Virgin was on shaky ground for at least a year before this happened. I feel sorry for the employees but the reality was that it wasn't making money before this happened anyway.
Qantas would virtually have a monopoly if VA disappeared Ansett-style.... $1000+ Perth Economy return airfares here we come. Then again, it might make the Overland profitable if it runs with regularity after this Covid-19 thing blows over.