if the following doesn't happen .............. quote from above
must rewrite the EBAs, restructure the aircraft leases, cancel an order for Boeing 737 MAX aircraft and convert all debt into equity while the company is insolvent.
who would buy into Virgin ?
Staff will have to earn less & probably do more. Leased aircraft will have to be well below what Virgin had been paying for 738s (A330s & 1 x B777 - again much less, but surely a domestic only model with single fleet would be optimal to start with ? )
Think anyone who was employed at VA & thinks they are going to get paid the same by new virgin is dillusional. There will also be far fewer staff.