Thousands of travellers owed refunds for cancelled Virgin Australia flights may never see their cash again and will instead be issued with travel vouchers under a plan proposed by the airline's administrators.
Indicative bids are due this Friday, binding offers are due on June 12 and a binding deal is expected to be completed by June 21, followed by a creditors' meeting in early August to vote on a proposal. Customers who have not claimed or used their credits will be treated as unsecured creditors in the administration process and are "unlikely to receive a 100% refund on any restructuring or upon liquidation", the court application said.
Mr Strawbridge said giving customers something for the money they are owed would preserve goodwill in the Virgin brand and make it a more attractive business for the 19 parties interested in buying the airline.
Your money has departed, but you are very unlikely to. Maybe you can pay again to fly once this company rises like a phoenix from the ashes of its creditors?
Moral of the story. Don’t fly virginaustralia.
How the first phase of peak oil brought VirginAustralia into minus after 2008
So where is Richard Branson , mr red Shoes? Covering his tracks? epstein bromfman nxvium childtrafficking 😡😡😡