20 buyers now circling Virgin Australia

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Originally Posted by Servo

https://theconversation.com/cutbacks...e-bleak-141876

It eschews what Sunfish has been saying, as well as what I have been expecting.

Indeed- it does.....

Even before the impact of the COVID-19 pandemic, Virgin had posted years of losses with debts approaching A$7 billion.Private equity owners have a poor track record in creating strong, sustainable companies with long-term prospects. At their worst they can act a bit like used-car salesmen who know how to tart up and turn a profit on a vehicle with underlying mechanical problems.

This line from this mornings ASX Release has 'stuck' with me all-day (Bolding):

o Securing approximately 6,000 jobs when the market recovers with 3,000 roles impacted.......

Today's 'stuff' reads, like a Politicians- 'Press Release' (in my view...., or is 'it'- rewriting the History of it all..???), you just cannot drill/nail any of it- as solid/fact!!!!

rgds/the Best
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