PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 21st Apr 2020, 08:05
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virginexcess
 
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The business is going to survive, that’s reasonably clear. The question is what will it look like. No job losses seems like a bit of a pipe dream, but remember all of tiger and all of VANZ have already been made redundant, so it is not inconceivable that the remaining staff can be held onto. Speculation would suggest the 330’s are done, but there leases can now be renegotiated, so they may have another lease of life yet. Against that is the businesses stated objective to have a single type wide body fleet, so it wouldn’t make much sense to fight to keep two.

unlikey, but plausible that the RIN as a result of redundancies may provide enough space to absorb 330 Pilots. I can’t see it, but it’s not out of the question. In any case none of these issues are questions for the administrators or current execs. The new owners will call those shots. Pretty clearly though, Deloitte have been selected because their preference is to save jobs, not break it up. Again though, that will be a decision for the new owners.
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