Above article Quote/Extract here:
"Virgin Australia is understood to have reached out to the federal government on Monday night for emergency funds to keep the airline in operation until the conclusion of the sales process, say sources."
So (should 'that' be so) in the 'Real' world of Straws/& Camels (it is 'In' a constituted "Voluntary" Administration process, at 'this' time), is 'this' starting to get into the vector of 'freaky'/+ some- yet.....?????
Given- , the 'said' term Solvency and all that goes with that, on more than 1x level/s-
ASIC link here:
https://asic.gov.au/regulatory-resou...for-directors/
Extract here:
"An insolvent company is one that is unable to pay all its debts when they fall due for payment. The law prescribes serious penalties for allowing your company to trade while insolvent. You should consult an appropriately qualified specialist insolvency accountant or lawyer, a financial advice service or a registered liquidator about your company’s financial situation as soon as possible if you suspect that you or your company cannot pay debts when they are due."
Just a question.....
Rgds all
S28- BE