Virgin Australia in administration, but corporate undertaker Deloitte says no job cuts planned

Virgin Australia has entered voluntary administration after the Federal Government rejected its pleas for a $1.4 billion loan as global aviation reels from coronavirus fallout. 

Deloitte administrator Vaughan Strawbridge is cautiously confident the airline can be restructured and says there are no plans to sack staff, confirming the $1500 per fortnight JobKeeper supplement would be paid. 

ABC's Peter Ryan says if Virgin survives, it will be a vastly different airline.