Originally Posted by
Icarus2001
Do you think any country helps another without a strategic motive?
I do wonder what a 50% cut to the VA operation would look like. Can leased aircraft be returned without too much penalty? Or simply sell the owned airframes? The idea is to reduce the cash burn rate and be ready to increase domestic capacity when demand is allowed to rise. Whether that is enough to stave off administration who knows.
Surely a "VA mk II" (minus the Virgin name) would be using the owned VA 737s as the administrators such for a buyer of what's left of VA in a post-administration scenario.
On a related note: VAi has 4x owned 777-300ERs (registed to Virgin Blue Leaseco (
VB Leasco Pty Ltd)), those 777ws will eventually have to be sold off (with the returns sent to creditors) as it will be likely that VAi as a whole will be folded up and dissolved if the "mk II" post-administration operation is basically a domestic-only replacement for VA.