Federal Court of Australia stated (27-Apr-2020) Virgin Australia Administrators reported the Virgin Companies have approximately 10,247 known creditors in total, other than bondholders, however, the Administrators expect that the total number of creditors, other than bondholders, is estimated to be more than 12,000. The creditors identified thus far comprise the following:
- 26 lenders under secured corporate debt and aircraft financing facilities, which are together owed approximately AUD2.3 billion (USD1.5 billion);
- Unsecured bondholders which are together owed approximately AUD2 billion (USD1.3 billion);
- 1070 trade creditors, which are together owed approximately AUD166.7 million (USD107.5 million);
- 50 aircraft lessors, which are together owed approximately AUD1.8 billion (USD1.2 billion);
- 81 landlords, which are together owed approximately AUD71.3 million (USD46 million);
- 9020 employees, who are together owed approximately AUD450.8 million (USD290.8 million). [more - original PR]