You need to be very smart to make money out of ‘operating’ an airline.
Not if you are Bain.
Your job is to leach cash out of Virgin. Management and services contracts with Virgin will be sold by Bain to interested parties before it lists.
The remaining Bain shareholding? That boys and girls, is the "blue sky money" - speculative. If Virgin succeeds, despite Bain, then their entire remaining stake goes to another airline.......
....or if it fails, it goes to Macquarie...who take it private again...polish it up and.......