And the Queensland government has since announced plans to bid for the airline, with new state Treasurer Cameron Dick describing the government as “a serious contender” that had made good progress in discussions with the administrators.
oh the unions would be rubbing their hands together about this one, just imagine it being government owned and with the Labor party in power!! Industrial action for all and we could even implement traffic controllers (Lolly pop people) on each bay being paid 100k a year, add a few more WHS Officers aswell union mandated of course! Sounds like a recipe for future success!!!! Or for nothing to change...
I honestly believe this would be the worst outcome if Virgin are to succeed long term..
Bain and Co and the private equity mobs might make some tough decisions and right sizing initially but I think with their intense focus on cost and turnarounds at least it will keep the airline going for a long time even if they do sell it off a few years later they will have built a sustainable foundation.