Originally Posted by
longjohn
Ramp - why would anyone invest in a business that’s barely made a cent for the last 10 years, is saddled with debt and is dominated by its main competitor?
Now imagine its market has collapsed and is unlikely to return to previous levels for some time?
Branson took millions as did others when this business was floated. Why should taxpayers now bail it out?
longjohn, excellent point and a very valid question relative to Virgin Australia's current predicament.
No person or business with any sense would throw 100s millions in, so why should the Australian Government?
The only possible way they could justify it, is that they are rescuing Aussie jobs, and from past experience that was never their credo. (Remember HIH and Ansett, Ford, Holden etc etc, goodbye jobs!)
It would be the height of financial incompetence to use today's and future taxpayer dollars to prop up this business.
No one wants airline employees above or below the wing, to lose their current jobs. Been there, and you wouldn't wish it on anyone.
The challenge for the Government will be rescuing the economy, as there will be not one industry spared by the COVID19 crisis.
Government has done its bit and now VA management, if they really believe they have a viable business, has to come up with a different strategy......
Is it not true that your current situation is, to a large extent, the result of your past actions, choices and experiences?
The positive side should be that your future is determined by how you act in the present moment.