PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 21st Apr 2020, 12:12
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Paragraph377
 
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Originally Posted by Ollie Onion
I reckon Alan has been quiet as he got a smack on the hand for some of the statements he made, also he is busy trying to figure out how to ramp things up again and how many jobs, if any, that are going to go and when.
The smack on the hand was nothing. A non-event. Alan wouldn’t have even blinked. However, you are correct that the silence is deafening. The reason is simple; VA may have gone into Administration and the Irish toad obviously will be looking at post COVID strategies, but he also has an airline that is bleeding daily, potentially to the tune of $6m or more per day. If the current crisis was to continue for say another 6 months unabated, QF will be in their own depth of ****. QF are hurting too, make no mistake about that. They are just fortunate that they are a bigger entity with a few more shekels in the bank. But that doesn’t provide them with ‘business immunity’. This game has a long way to play out yet. But rest assured QF aren’t getting a free roll of the dice to pass Go and collect $200. Quite simply the spotlight is all over VA at the moment. If a decent investigative journalist or people in general started poking around the fringes of the Rat I think you will find that not all is peaches and cream.




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