Virgin boss Paul Scurrah urges aviation industry to "link arms" as he pleads for $1.4b taxpayer loan or bailout to avert national crisis

Virgin Australia chief executive Paul Scurrah says a $1.4b taxpayer loan is necessary to prevent the airline's collapse and a national aviation crisis. 

Speaking at an industry summit, former Labor Treasurer Wayne Swan says the lessons from the global financial crisis do not appear to have been learned and that consumers are frightened about Australia's economic future.

ABC's Peter Ryan listened in to the online summit