Virgin Australia owes $4.4b to creditors, to seek waiver on aircraft leases

Virgin Australia owes $4.4b to creditors, to seek waiver on aircraft leases

Photo: Reuters

Virgin Australia Holdings Ltd owes A$6.9 billion ($4.39 billion) to more than 10,000 creditors based on an initial review and will seek a three-month payment waiver from aircraft lessors, according to the company’s administrators.