AFR - Virgin Administrators come under fire for doubtful forecasts

[MickG0105]

Originally Posted by Con Catenator

https://www.businessinsider.com.au/v...-points-2020-5

That's a very optimistic view of where this is headed - I would question the source of all this new found evidence of a re-start ???

Interesting that Velocity has re-opened domestic seat bookings but that 'other redemption opportunities aren't available for the time being'. So, Velocity is happily writing only the cheques that they don't have to cash.

Bear in mind that Velocity is not only a separate entity but it is also a creditor. You've got to wonder if this is some sort of inter-company square-up of the rumoured to be $200 million debt owed to Velocity by Virgin.