PPRuNe Forums - View Single Post - Government Loan to Virgin Australia

15th Apr 2020, 11:04

#543 (permalink)

B772

Join Date: Aug 2000

Location: International

Age: 76

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VA buying back 35% of Velocity last October for about $700M using borrowed money has come back to haunt them. In conjunction with this loan 750 employees were retrenched to pay the interest on the loan each year.

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