The shortlist of bidders on Virgin Australia appears to have been whittled down to four, but with the state border closure debate heating up and uncertainty still clouding the future of the airline, how will this saga unfold?

On this episode of the Australian Aviation Podcast, hosts Phil Tarrant, Christian 'Boo' Boucousis and Adam Thorn reflect on the latest news in the fight for Virgin, Qantas' optimistic outlook and wellbeing plan for the impending relaxation of regulations, and confusion around Rex's positioning in the current crisis.

They also discuss Alliance Airlines' increased financial year profits, recent stats on Sydney's April passenger numbers, and some tragic news for the aviation sector this week.