Virgin Australia Enters Voluntary Administration

The airline's founder blames the Australian government for not bailing it out

A Virgin Australia plane is seen at a gate at Gold Coast Airport on the Gold Coast, Australia, on July 9, 2015.Cameron Spencer/Getty Images

Virgin Australia announced Tuesday that it has gone into voluntary administration amid the CCP virus pandemic.

This comes after its international shareholders voted against rescuing the struggling airline on Monday after failing to get the Australian government to bail it out.