The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.
Amid an unprecedented level of flight reductions, a plummet in demand, and desperate capital raising exercises, expect airline IPO’s to remain grounded as the COVID-19 pandemic reshapes the industry. We review how many are finding ways just to stay alive.
The Tencent-backed global payments and foreign exchange unicorn debuted its borderless card last month in Australia, but headwinds, such as the COVID-19 pandemic, is taking its toll on its existing client base.