Originally Posted by
Progress Wanchai
It’s highly unlikely the employees will decide which way this swings.
The employees, by virtue of numbers, can block any proposed Deed of Company Arrangement. They are the only creditor grouping with that power. Don't think for a moment that the unions do not understand that. They will have a big say in terms of which way this swings. Why do you think BGH were handed their hat?
Originally Posted by
Progress Wanchai
And I can’t think of any airline that successfully emerged from administration under a new name.
Pinnacle Airlines in the US. They emerged from Chapter 11 as Endeavour Air.
Originally Posted by
Progress Wanchai
The primary reason for the purchase of Virgin is for the brand.
The brand would not be in the top 4 reasons for trying to resurrect VA leave alone being the primary reason. You only need to ask the question, '
Everything else being equal, if it wasn't called Virgin Australia would there be as much interest?'