PPRuNe Forums - View Single Post - Government Loan to Virgin Australia
View Single Post
Old 21st Apr 2020, 07:44
  #945 (permalink)  
coaldemon
 
Join Date: Jan 2004
Location: melbourne
Posts: 289
Likes: 0
Received 0 Likes on 0 Posts
Well the debt will have to be dealt with prior to a new buyer being happy with it. Question is what do you sell and what can you hand out as haircuts to the Bond Holders and Lenders? Also I thought that they had stood down most of the workers so they aren't paying a lot of them so there is no need to make anyone redundant at this point. Whichever way the business will be slimmed down and lean is the approach so there will be less jobs there it seems. Sad to watch in the circumstances. Looks like they are not the only ones right now with Norwegian, South African and it looks like Atlantic all looking for saviors.
coaldemon is offline