PPRuNe Forums - View Single Post - 20 buyers now circling Virgin Australia
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Old 20th Jun 2020, 02:48
  #303 (permalink)  
Sunfish
 
Join Date: Aug 2004
Location: moon
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The unions will just want to protect their turf and increase their power. If I know them, they will be offered a carrot to get them to MAKE their members eat the chosen VC 3@!$ sandwich.

‘’The key is understanding the VC exit strategy - which nobody is talking about. It will be a closely guarded secret and most likely vile for employees and the Australian public. Bain appears to be in the habit of gorging itself on management fees and loading companies with debt - then it exits and the company crashes. To me, the attraction of virgin is the huge cash flows involved in running an airline.

Bain is I think, the nastier of the two. Their former CEO was Mitt Romney, not a likeable individual in my opinion.
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