UPDATE 1-Virgin Australia suspends trading as talks over rescue package remain incomplete [Reuters]
Morgan Stanley (MS)
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Source: Reuters
UPDATE 1-Virgin Australia suspends trading as talks over rescue package remain incomplete (Adds comments from Treasurer, details from source) SYDNEY, April 16 (Reuters) - Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis. The country’s second-biggest airline had halted trading on Tuesday but said in an update on Thursday that discussions remained confidential and incomplete and requested a suspension of trading for up to seven days. Virgin has so far been unsuccessful in its request to the Australian government for A$1.4 billion ($883.54 million) in loans that could convert to equity under certain circumstances. “We want to see two airlines in the domestic market but we’re not in the business of owning an airline,” Australian Treasurer Josh Frydenberg said on television network Nine on Thursday. The opposition Labor Party supports a governme
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MS
Earnings
- 10/16/25 - Beat
MS
Sec Filings
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- MS's page on the SEC website