Following a comprehensive sale campaign, Virgin Australia’s administrators have chosen its preferred bidder to put forward to creditors.

Speculation had begun to swirl that this big announcement from Qantas was about to drop, and now it has – with an almighty thud.

ACCC tsar Rod Sims has been instructed by the government to keep his eyes peeled for any dodgy moves by Australia’s airlines.

Get ready to climb to an altitude of 35,000 feet as you read your way through all the latest aviation news in this week’s wrap.

Australia’s tourism industry has heaped more pressure on the federal government to extend its JobKeeper lifeline, with some members even fronting up to Parliament House.

The rallies took place as new research revealed that 70 per cent of workers have been stood down, with 40 per cent unable to receive JobKeeper.

Travel Weekly’s reporter has tried to jam as much Qantas news into one story as possible, so much so that he sat on his laptop to squeeze it all in.

Much unlike passenger planes around the globe right now, this week’s Aviation Wrap is running at full capacity.

With Virgin having hogged the limelight for the last couple of weeks, we thought it was time to update you on what its rival is up to.

The company has warned as many as 2,000 workers could be let go if it does not receive immediate taxpayer-funded relief.

While it wasn’t necessarily a shock when Virgin Australia announced this morning it had entered into voluntary administration, the move has still prompted a response from various players in Australia’s travel industry.

It’s yet another update on the Virgin Australia saga. Let’s hope for all involved that the airline’s future is sorted out soon.