-41..I think this is the fairest scenario. Let market forces dictate the outcome. If the banks wont lend more and nor will the shareholders, surely does that not speak to past business decisions? These are the stakeholders who should wear the pain.
As for the employees, there will be a new airline, coming soon, rising like a phoenix from the ashes.
Of course VA staff will need to accept much lower $$, but in return they will go back to being part of a competitive, successful airline.
If you want to know what happens when the second major airline collapses, just look back 19 years. Competition returned, LCC’s grew, fares came down, employment increased.
The Government should not pump air into a flat tire, rather let market forces replace it.