(Image: AAP/Dan Peled)

Debt-laden Virgin Australia is in voluntary administration and searching for investors. There are reportedly 10 potential suitors. But there is also the coronavirus. What does the future for Australian aviation look like? Here are some key questions:

Will the travelling public have choice?

A Virgin advertising campaign once claimed it was “keeping the air fair”. Soon we may find out whether this holds true. Without a second airline, we could have no choice when flying domestically once travel restrictions are finally lifted.

Even when Ansett collapsed in the early 2000s, a fledgling Virgin Blue had been flying for a year and quickly took off as it picked up the slack. Aussies haven’t had to rely on just one domestic airline since our aircraft had propellers.