Cap Laptop,
I imagine the only reason that the administrator is not talking to Virgin is that he thinks there would be some considerable risk in not being paid for the leases, i.e., they have no money.
Interesting to see this thread has been hijacked also.
I agree on the pilot buyout, although 'buyout' is a misnomer. Most pilots couldn't run a chook raffle, let alone an airline, and that's been amply demonstrated in the past.