At the risk of getting back on thread,
It was noted in the administrators report that a principal cause for Virgin’s poor financial state was an attempt to move from a LCC to a full service carrier, and to take on Qantas in that market. That change to the business plan failed.
Yet, it appears that the administrators preferred buyer, Bain, have stated that they will continue with the same business model (minus the widebodies).
What am I missing?