How long before Qantas goes into VA
Qantas was supposed to have circa $2.00 B in cash and borrowed another circa $1.2 B against the B 787 fleet that they owned. Supposedly X 3 the size of Virgin who had $ 700 M in cash and debts now revealed of circa $6,8 B. Given the Government imposed recession/depression on airline activity because of the pandemic, how long can Qantas last before they are like VAH and will have to appoint an Administrator as potential insolvency looms? If the Government imposed recession/depression continues as distinct from the market drive version in the1930s it is indeed worrying times and QF could be under threat?