PS with no solid aviation background
Not quite right. He has many years both in airlines and the travel industry at various levels. He does not need to be a specialist. That's why he has a leadership team. He needs to make good business decisions based on the information provided to him. Having a background in aviation means nothing anyway. A) you learn as you go, B) it is about business acumen and strong leadership in a CEO role. There are enough smart people to advise him as requirerd.
The first debt maturity is late in 2021. They will need to have the cash for that.
Not quite. They can refinance their debt, as they have done previously. Whilst obtaining further debt is challenging - it isn't impossible. I hear that Finch rated VA today as B+ and stable.
Entertaining read on PS @ https://www.smh.com.au/business/comp...17-p53sa6.html