Morgan Stanley may restructure Virgin’s tattered wings after the government denies a $1.4 billion bailout.

To say that Virgin Australia (ASX: VAH) is finding it challenging to navigate through the COVID-19 storm would be an understatement. Virgin’s possible entry into voluntary administration showcases how the airline is on the brink of collapse.

Voluntary admission may be excessive. However, considering Virgin’s cash runway, mountains of debt, and recent decision to stand down 80% of its workforce, voluntary administration seems understandable.… Read more