Government Loan to Virgin Australia

[Section28- BE]

kris-

Probably should NOT Do this, but- think Revenue Derived/or Delivered/able and/or Potential/ along with Hull-Values at 'this' time (ref: 9/11 as an example...) underpinning the Balance Sheet- Right NOW, with Nil 'Meaningful Revenue Contribution' let alone 'what' an airframe maybe/maybe NOT 'worth' right Now.

'The' BURN does not stop, by grounding the Show.....

"ASIC have a guide for directors which gives the penalties for trading whilst insolvent and also lists warning signs of insolvency."

- and Yes they sure DO, 'reckon' like times gone by 'that' shall be where the rubber meets the road.... with 'the' said Directors.

All the BEST to you 'all' and truly Do mean THAT- the media on shareholders concern/front-up..... 'in' my 'view' is telling!!!!

Rgds and Best Wishes TO 'All' at this time.
Stay Safe and Well.
S28- BE
(may 'pull' this sucker..... FYI)

Quote ex (kris's) AFR link:

Shareholders walk away

However, Street Talk has reported that shareholders Singapore Airlines, Etihad Airways, HNA Group and Nanshan – collectively holding 80 per cent of Virgin's equity – have decided not to pump more cash into Virgin.

The four are all dealing with their own virus-related issues. Yet a fifth shareholder, Richard Branson's Virgin Group, had not decided either way to inject more capital into the business of which it owns 10 per cent.

Mr Branson is currently seeking a £500 million ($988 million) bailout from the UK government for his Virgin Atlantic airline, in which he retains a majority stake......