PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 21st Apr 2020, 01:11
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chookcooker
 
Join Date: Sep 2005
Location: NT
Posts: 213
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Originally Posted by Tommy Bahama
Considering all the "smiles", "back slapping", "she'll be right mate" and "don't worry we've got your backs" from Virgin and Deloitte can someone explain why if its such a great idea this Voluntary Administration wasn't undertaken years ago?

The way its being promoted its all "fun in the sun". One would hope those who have far exceeded their station in life wont get away with it this time and will be held accountable.
because it’s a disaster for the current shareholders. You know, the ones who the board represents.
And you have to be near insolvent.
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