Originally Posted by
B772
ampclamp. Whilst being interviewed on ABC breakfast radio Paul Scurrah effectively said 90% of the shareholders in VA indicated there were no funds available for VA. He went on to say VA were attempting to raise from other sources. In my opinion the only option would be to sell owned assets such as aircraft. If the assets were required in the future it could be a sale and leaseback. As there is uncertainty re the future of VA the lease rates would be prohibitive on a sale and leaseback arrangement.
Virgin don't have any unencumbered aircraft or other assets...they even have had E190's and ATR's parked in US and NZ for a year or two unable to get out of those leases. Big bucks per month for aircraft earning nothing..