Australian State Offers $200 Million Bailout to Virgin

Australian State Offers $200 Million Bailout to Virgin
A Virgin Australia flight takes off from Sydney International Airport in Sydney on March 27, 2020. Saeed Khan/AFP via Getty Images
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The Queensland government has offered $200 million to help rescue Virgin Australia, as the cash-strapped airline struggles to survive.

The airline suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus downturn.

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