You’re kidding right?
If VA come out the other side of this they will more than likely resemble the Virgin Blue of the old days rather than the modest fleet you speak of.
Everyone agrees recovery will be slow... and you’ve got them flying around 70 737’s???
Also to add Virgin only owns half of their 737 fleet (under 40 aircraft).
There's no way a new LCC formed under "VA Mk II" will be more than 38 aircraft (at most), as basically almost all (if not all) leased aircraft at VA will start to get repossessed by lessors the moment VA enters administration.