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Virgin Australia's home state weighs bailout for bankrupt airline

Queensland will look 'carefully' into rescue, state treasurer says

Virgin Australia is responsible for 5,000 jobs in the home state of Queensland.   © Reuters

SYDNEY -- Virgin Australia Holding's home state is considering a capital infusion or a loan to assist the financially distressed airline as it seeks to protect a major employer responsible for thousands of jobs.

Cameron Dick, treasurer for the Australian state of Queensland, said Wednesday that he directed the Queensland Investment Corp. to make a proposal toward supporting the nation's second-largest airline.

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