Mick, you raise a good point, I should have said independent aviation forensic accounting capability. I also suggest that it may be that Virgin doesn’t have much capability considering they went under but it may not be the accountants fault.
‘’The Virgin team will be producing the results based on the assumptions they have been given. We don’t know what they are.
The technical accounting side:
- how do you value an AOC?
- The fitout of a leased terminal?
- A refurbished set of turbine blades?
- An integrated drive generator - a rotable.?
-GSE including the workstands?
I know there are standards but I’m not sure there are many people who can apply them to airlines.
The winner in this contest knows the true vale which I contend is likely to be much more than Bains offer.
......Yes I know, the value of a thing is what it will.....