Treasurer Josh Frydenberg has reiterated that Virgin Australia Holdings’ shareholders rather than taxpayers should bail out the struggling airline. However, tourism and travel industry executives have warned against the prospect of Qantas having a monopoly on domestic routes if Virgin collapses.
Flight Centre CEO Graham Turner says a two-airline system is essential for the nation, while Webjet MD John Guscic says the demise of Virgin would make it harder for the tourism industry to recover.
From The Australian:
