Transport Minister Catherine King argued creditor PAG could have collapsed the airline “at any stage” and insisted the purchase was also necessary to make a second attempt to find a buyer.
The new regional jet, snapped in an Embraer hangar in Brazil, is set to bear the registration VH-E2A and the name “Coral Bay”, and is expected to touch down in Australia in early September.
Transport Minister Catherine King argued creditor PAG could have collapsed the airline “at any stage” and insisted the purchase was also necessary to make a second attempt to find a buyer.