PPRuNe Forums - View Single Post - AFR - Virgin Administrators come under fire for doubtful forecasts
Old 24th May 2020, 04:43
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non_state_actor
 
Join Date: Aug 2018
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I mean this post for no ill intent but to clear the perceptions made already with a true reality check with from the inner circle.Your unions have already been briefed for the number of losses on the way, for each workgroup and entity. This was included in the brief to the bidders. The business is easier to buy at a fire sale than a garage sale. (Doesn't take a genius to work out what I'm indicating).The Bain meeting only took 32mins from the ELT presentation and was cut short at their request. Its clear they intend to run the business their own way. Strawberry man hasn't returned any of Paul's calls since the presentations, nor that of the ELT this week.Any hope information or perceptions intended for you to believe on Workplace is false, its their 'insurance' plan due to the prominent mental health issue the business has. (Lu dropped in convo their premium's had increased 31% because of recent incidents).
Is this with or without the debt holders consent?? If they don't have the debt holders agreement nothing will be happening. The first thing any consortium needs to find out is what the debt holders will be agreeing to.
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