The first major airline to collapse was Australian National Airways in the 1930s, by the mid-1950s a second Australian National Airways was a borderline operation so it joined with Ansett, which was then a much smaller operation. And in 2001, Ansett went under too. Around 15,000 people lost their jobs.
Aviation has a long history in Australia
Q.E.A Kangaroo service c.1949 Source: Hulton Archive
Virgin Australia isn't the first airline to go bust in Australia... and experts say it'll be unlikely to be the last.
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