PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 20th Apr 2020, 05:24
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TACQANAVIAVEC
 
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Originally Posted by smiling monkey
Well, which is the lesser of two evils? To be owned by Chinese companies or to be out of a job? Perhaps the Chinese know a thing or two about running an airline to profitability which is a far cry from the efforts of previous Vrigin management?
"profitability" or better referred to as "the illusion of" which is what the Chinese government is good at, They can created the illusion of profitability do this with their own lot but its going to be harder task to manage an airline when they have to comply with labour laws and unions.
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