In a previous incarnation, I used to work for a Bank, lending millions to companies.
In putting together a proposal to my directors, they would want to know.
1. Is the lending properly secured.
2. If/when the company goes bust how quickly can we turn the secured assets into cash.
3. For taking the “risk”, how much can we charge in interest and fees.
we were often dealing with loss making entities who had a business turnaround plan, which is why they needed the funds in the first place. I would guess with Virgin, the problem may be no 2, Necker and second hand airframes may be slow moving sellers.
Virgin has been my long haul carrier of choice for many years, and really hope they can get through this one way or another.