PPRuNe Forums - View Single Post - Government Loan to Virgin Australia
View Single Post
Old 17th Apr 2020, 23:28
  #709 (permalink)  
wheels_down
 
Join Date: Apr 2010
Location: Asia
Posts: 1,030
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by Matt48
Does anyone know if Virgin own or lease aircraft or a mix of both. ?
About 50/50

But they don’t really own them. As they have Borrowed cash against every one of them (minus the Fokker), with the now problem of unable to pay the debt tied to them, they are really owned by the banks.

wheels_down is offline