PPRuNe Forums - View Single Post - AFR - Virgin Administrators come under fire for doubtful forecasts
Old 30th May 2020, 07:35
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Ragnor
 
Join Date: Jun 2019
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Originally Posted by ANstar
I wonder how many of these "serious bidders" have just used this as an opportunity to get access to the "data room" to see where the money is made and lost before walking away and using that data to start up from scratch without the high debt load and industrial issues? Yes it takes time to get an AOC, startup etc... but now is the best time to do it as the market is pretty much non existant for the next 6-12 months anyways.
That, would be smart of them. why buy an airline in the current environment QF and JQ will come back slowly. In the mean time they could start their own operation whilst confidence grows, and hey, there will be 100s of pilots keen and they will work for much less than what JQ pay just to get back in the game.

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