I disagree Buster but that is irrelevant. If you are a Virgin employee Mick then I can understand your optimism but there is a significant difference between
VB's situation and Ansett. When Ansett was in administration there was a market and an economy that was part of the 29 years of continuous growth. Virgin has neither to try and recover in.As for no other competition QF has that sewn up with mainline looking after the premium end and Jetstar looking after the LC end. As for the 767 you can substitute the 330's in that section of the case study. Small fleet and maintenance intensive. Lets look at the similarities. Massive debt, taking on both ends of the market with a cost base that doesn't compete with either and the big one, not profitable. Wishful thinking is understandable but it will be an extraordinary chain of events that will make this result in a different outcome to March 2002.