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Old 20th Apr 2020, 08:57
  #858 (permalink)  
Arctaurus
 
Join Date: Dec 2001
Location: Australia
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This is not necessarily a re-run of 4 March 2002
But it's probably a re-run of September 2001 when the 2 Marks tried to keep the operation going through "Ansett MK 2".

Administration puts a wall between the company and the creditors. There may be actions to repossess aircraft by leasing creditors very quickly, so the Administrators will need to move fast if the base assets are to be preserved for a new start up. Interesting to see what the copyright and ownership status is of the "Virgin Australia" logo, because it would clearly be a familiar asset in a future operation.
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