PPRuNe Forums - View Single Post - 20 buyers now circling Virgin Australia
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Old 22nd Jun 2020, 09:14
  #350 (permalink)  
Icarus2001
 
Join Date: Dec 2001
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Ansett couldn't find a buyer 20 yrs ago when it was offered for $1 so why would anyone buy Virgin with a $7 billion dollar debt!?
Well at least $2 billion of that is unsecured debt, so they may have to whistle. Another $450 million is notionally what is due to staff if they collapse. Some of the rest is lease payments due for the next X years. So pretty quickly $7 billion is more like $4 billion.
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