PPRuNe Forums - View Single Post - 20 buyers now circling Virgin Australia
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Old 1st May 2020, 04:51
  #28 (permalink)  
Telfer86
 
Join Date: Jun 2009
Location: Sydney
Age: 43
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Pardon my naivety but does the debt goes away when the company is liquidated & it is just a sale of hardware ?

The AOC is owned by the company so you have to buy the company to get the AOC , not my area but how can you say abbra caddabbra all debts disappear

If liquidated the debts go , but also the company goes & thus the AOC is gone

I find the amount owed to aircraft lessors incredible , nearly $ 2 000, 000, 000 or the cost of 20 A320 neos

They can't have been paying leasing costs for months or years , maybe five aircraft lessors each owed $ 400, 000 , 000

That is serious coin & not great form on the part of Virgin

How is the Airline able to fly aeroplanes around now( & incur further maintenance costs , devalue) that they don't own and have not paid lease fees on & are not currently paying any lease fees on.

Is that not a bit cheeky ?

Surely the right thing to do would be return the aircraft to their owner
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