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Virgin Australia owes almost $7b to more than 12,000 creditors

Several “high-quality” parties have expressed an interest in taking over Virgin Australia, the administrators have revealed, as 1,300 of the airline’s creditors and observers including financiers, employees, unions and bondholders met via video link. Key points: Virgin Australia entered voluntary administration on April 21 owing almost $7 billion to more than 12,000 creditors Already several…