$7 Billion in Debt, Virgin Australia’s Creditors Meet

$7 Billion in Debt, Virgin Australia’s Creditors Meet
Grounded Virgin planes are seen parked on a tarmac at Brisbane Airport in Brisbane, Australia, on April 21, 2020. Jono Searle/Getty Images
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Deloitte will hold the first meeting of Virgin Australia’s creditors on April 30 as a buyer is sought from 10 parties for the debt-laden carrier which entered voluntary administration last week.

The purpose of the meeting is to provide creditors with information on the process and confirm if they want to form a committee.