PPRuNe Forums - View Single Post - AFR - Virgin Administrators come under fire for doubtful forecasts
Old 28th May 2020, 20:42
  #90 (permalink)  
KRUSTY 34
 
Join Date: Jan 2006
Location: Sydney Australia
Posts: 2,303
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[QUOTE=Colonel_Klink;10795699]

If Company A in your situation was going to pay $100m more than Company B, but only operate 40 domestic aircraft, versus Company B who were going to pay slightly less but operate more aircraft, and hold on to the WB and VARA - there is a compelling argument that Company B might be in the greater interest of ALL creditors when compared to Company A.

Only if the Administrators have a fundamental lack of understanding as to what led VA into this mess in the first place.
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