A Virgin Australia aircraft at an airport in Sydney. File/Reuters
The newspaper said the airline's board of directors was meeting on Monday and an announcement of it going into administration was "imminent". Virgin Australia declined to comment on the report.
The airline was more than Aus$5 billion ($3.2 billion) in debt and had appealed for a Aus$1.4 billion loan to stay afloat, but the government refused to bail out the majority foreign-owned company.
Virgin Australia Holdings bondholders have withdrawn plans for a proposed recapitalisation of the airline that was meant to rival one from US private equity firm Bain Capital, a spokesman for the bondholders said on Friday.
Mohammad Bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the World Government Summit Organisation, stated that the UAE,
The latest innovations in commercial print and package printing are drawing crowds to the ongoing Gulf Print and Pack (GPP) exhibition at the Dubai World Trade Centre.
The Harvard Business Review once revealed that retaining a customer is anywhere from five to 25 times cheaper than acquiring a new one.