Originally Posted by
The Bullwinkle
But the moron who did all of that has now gone.
Paul Scurrah (along with Blind Freddy) is acutely aware of how the costs were blown out and he was actively rectifying the situation.
He was making reasonable progress of undoing a decade of mismanagement when this Coronavirus came along.
If there had not been COVID-19, Virgin was definitely on the path to profitability.
They left it too long and all it was going to take was something like this to push them to go under. Not his fault as the investors have to be held accountable here along with the previous management.
I don't feel that it's right to use taxpayer's money when the investors can easily stump up $1.4billion. Shared between them it's like $350million each.