PPRuNe Forums - View Single Post - 20 buyers now circling Virgin Australia
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Old 13th Aug 2020, 01:42
  #806 (permalink)  
non_state_actor
 
Join Date: Aug 2018
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As I’ve said before, if VR is still on the table, I hope you can avail yourselves of it.
Can you explain that position for us please?? As -41 says it's a stupid move unless you were planning to retire or had some other source of reliable income be it a spouse or a business.

Don't forget the flip side of that decision is that if it all holds together you are out on the street whilst all your mates are still employed.

The American exit strategy is to strip the remaining cash out of the business, load the company to the rafters with debt and then flog it to the stock market. The resulting mess then falls apart to
the dismay of staff, investors, creditors the public and the government AGAIN.
That is a 1980's era move when airlines held huge assets. Every Airline CEO in the world has already asset stripped every airline with Southwest being the exception, so I am not sure how that can happen here as there is nothing to sell. Everything is outsourced anyway including a percentage of the staff so what are they going to take? You don't even own a brand that's rented too!!
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