Queensland gov't confirms bid for Virgin Australia, but deputy PM says leave it to the market

The Queensland government's rescue bid for the troubled airline Virgin Australia has raised questions about the potential risk to taxpayers given the uncertainties of COVID-19 and the crisis in global aviation. 

Deputy Prime Minister Michael McCormack says governments should stay away and let markets decide. 

Aviation analyst Neil Hansford says the bid appears to be poorly thought out and that the Queensland Investment Corporation will be up against cut throat players experienced in aviation deals.

Here's my analysis from this morning's AM program