From the AFAP
“We are also advised that Bain has signed an Asset Sale Agreement (“ASA”). This will provide them first option to purchase assets in the unlikely event the DOCA fails both tests (i.e. it is not supported by both a majority in value and a majority in number of the creditors). The ASA undermines any threat from bond holders or other creditors seeking to improve their position by voting down a DOCA. The administrator’s position is that one way or another the business will be sold to Bain as the preferred bidder”
So for all you doomsday flight crew wanting Virgin 2.0 to fail.
F$&k OFF !!!
The deal is done regardless if the vote is no at the creditors meeting.
Show support for you fellow aviation colleagues that will lose their career from this sale. 737 crews are the lucky ones just by chance.