PPRuNe Forums - View Single Post - AFR - Virgin Administrators come under fire for doubtful forecasts
Old 31st May 2020, 00:16
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Des Dimona
 
Join Date: Mar 2006
Location: East of Eden
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The reality is that it's dollars only that drives this forward. Any of these bidders will be looking at a quick turnover and sale because that's the way they operate. Does not matter what the business is.

I wouldn't mind betting that all the "data room" examination has provided is an idea of the true costs of VAH - bidders will run a mile at taking a percentage of the debt, staff agreements, existing leases etc etc into the future.

All they have to do is provide knock down bids that won't satisfy anyone and the show is finished.

The sooner this is rolled over and a fresh new entrant can get up, the better. It won't provide jobs for everyone, but it's a start.

The only doubt in my mind is who will the new owners be ?
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