PPRuNe Forums - View Single Post - Private equity take-over for Virgin Australia?
Old 22nd Apr 2020, 03:23
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Ollie Onion
 
Join Date: Mar 2012
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Yes, I am sure Qantas is quaking in their boots with the only domestic competition being virtually insolvent. I doubt Qantas is dedicating much time at all to what Virgin is up too, their campaign for no government bailout was successful and they are now figuring out how to keep themselves in business. On a town hall last week we were told Qantas Group can stay grounded for 12 months with current cashflow, that was before the limited domestic schedule restarting. Domestic Oz and NZ likely restarting within the next 4 weeks with perhaps some Tasman in June. So I don’t think Qantas is ready to string themselves up just yet, they will be making a market share grab whilst Air NZ and Virgin are otherwise distracted.
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