Can't see any government investment - One of Scurrah's remaining options would be to position Virgin back to it's roots as a true loco with a single aircraft type only (B737) with a reduced fleet size. Get rid of VARA which has probably got some value in the west.
The problem is no private investor has come forward to date, the stakeholders are clearly not interested, so it's a matter of trying to reduce outgoings to the point where there is enough cash going forward beyond COVID. That's a very tricky exercise as the timing of the end of COVID restrictions is unknown, plus the recovery time back to a more "normal" market could take years.