Wow, last week we were told the debt was $4.8B, now we are told it is $6.9B. We know Scurrah asked the taxpayers for $1.4B. Now we learn there were a total of 9 requests. He kept watering the $1.4B amount down after being continually rejected until his last request was for $200M. WTF !
Just to prove Scurrah did not have a clue about the Virgin dilemma he stood in front of staff on 06/11/19 saying things such as we run a strong airline. The reality being not only were the liabilities much greater than the assets but the total annual revenue was less than the debt. Scurrah even purchased VA shares and bonds in November 2019. He must have been tempted by the unsecured 8% per annum.
I now understand the number of interested parties has dwindled in numbers.
Last edited by B772; 24th Apr 2020 at 04:56.