Originally Posted by
slice
Looks like Bain might want to keep the VARA operation in some form. Must be reasonably profitable for this to be considered given they have previously indicated a "one fleet type" was the way forward.
A recent affidavit said VARA were insolvent and that the external administrators can no longer proceed by way of members' voluntary (solvent) winding up.
I'm no lawyer but sounds like they weren't making money despite what some have said over the years.
Interesting to see what happens from here...