Originally Posted by
Flava Saver
Right, so listening to PS today, and his administrator....no job losses expected.
Can someone explain how the 777 and A330 crew are going to be kept on? Just curious if some has a better radar than mine?
"no job losses" is simply playing down what is to happen as that's the last thing the governments want people to hear.
Private equity are all about buying distressed companies with good assets (planes etc) at a huge discount and then selling these, loading the company with new debt and then selling it back to retail and pension funds at a huge profit. Anyone that understands this will then see that:
1- Job losses are inevitable in the short to medium term as VA will come back as a leaner operation flying on mostly profitable routes,
2- International flying will likely be made through code sharing rather than own metal,
3- QF are not going to sit idly and watch a leaner VA eats its share of the cake,