Sir Rod Eddington backs gov't 1.4 billion loan refusal to Virgin; points to leaner, meaner airline post administration

Virgin Australia is likely to re-emerge as a leaner and meaner airline with the company's administrators confident of selling it to one of ten interested parties within three months. 

Aviation veteran Sir Rod Eddington says the federal government was right to reject Virgin's bid for a $1.4 billion loan. 

ACCC chairman Rod Sims tells ABC's Peter Ryan it's now critical to ensure Qantas does not swamp the market and become a monopoly.