Lol..you can’t just go into VA...In all but exceptional circumstances you need to be insolvent..(as a company)
Financial ‘runway’ available to QF was one of the most asked questions following the full year results. The market believes AJ answers.
Many changes are coming to QF... Voluntary Admin ‘early next year’ is not one of them. Have a look at Virgin. They could no longer pay their company wide debts so they became insolvent so had no choice but to enter VA. However, the frequent flyer program was not put into administration. It would be possible if this dragged on and on and QF could not cover their debt covenants, that triggers for VA could be met and International might be ‘hung out to dry’ to initiate a political dispute for the ages. Luckily for all but the sadists, this a quite a way off yet.