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Webjet Provides Update on Impact of Virgin Airways Administration

21 Apr 2020  |  10:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Impact of Virgin Airways Administration

Webjet noted the announcement by Virgin Australia Holdings (Virgin) that it has appointed a voluntary administrator. Notwithstanding its relationship, the Company does not have a material financial exposure to Virgin should an administrator restructure the airline or elect to cease trading. The Company books airfares on behalf of its customers as agent and is not the provider of the service. It is working closely with its customers and on their behalf to process refunds/credits directly with all airlines who are no longer able to honour prepaid tickets, including Virgin.

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