Originally Posted by
The Bullwinkle
Pretty sure they will. Employees giving their respective unions 9000 proxy votes should give them some say in it.
It’s ultimately the creditors who decide and hopefully 9000 votes will go against Bain.
It’s highly unlikely the employees will decide which way this swings. Bare in mind that if the secured creditors aren’t satisfied with the administration outcome, they always have the option of calling in the receivers. Tread carefully.
Sure this is a chat forum. But claiming to make a sound decision regarding the bankruptcy of your airline based on a rumored CEO/chairmwoman v the other bidders empty chair is a fair indication of the stress we are all under right now.
The idea to rebrand the airline also appears more emotional than logical. Any agreements (including 10,000,000 Velocity members, thousands who have purchased yet to be honored VA tickets and all it’s employees past, present and future entitlements) are between the concerned party and VA. The legal cost of rewriting those agreements and the data transfer that would involve would far outweigh any perceived benefit. And I can’t think of any airline that successfully emerged from administration under a new name. What would be the point? The buyer gets an AOC for the bargain basement price of a few billion plus the entitlements of 10,000 employees? The primary reason for the purchase of Virgin is for the brand. It might appear toxic for the employees on the inside (just as Apple is for its employees or football teams are to their players) but for the consumer it’s identifiable and marketable.
You don’t buy a “good airline but a bad business” to then change its name.