Virgin Australia stock suspended over ‘talks’

Bloomberg

Virgin Australia Holdings Ltd stock was suspended in Sydney as discussions over a potential financial restructuring for the airline continue.
The shares, already halted from trading, will be suspended for as long as seven days so talks centred on financial help and alternative structures can go on, Virgin Australia said in a statement.
“These discussions have continued over the last two days, including discussions which remain confidential and are incomplete,” Virgin Australia said in its statement. “The company is not presently in a position to make an announcement to the market with respect to these matters.”