I wouldn't be writing off
VB at all!
The airline industry has bottomed out of the slowdown that was starting to be experienced in the second half of 2001, and made worse by Sept 11.
This is certainly true for the Asia-Pacific region;the least effected by the terror attacks.
People ARE prepared to fly again.
The strength that
VB has over a AN II/III/IV is that it has a 'sister' airline in Virgin Atlantic.
VS may be going through a bit of trouble at the moment due to their heavy exposure to Trans-Atlantic routes. But airlines HAVE to roll with the punches.
My guess is that VS will start coming down to Singapore, Bangkok and will meet up with
VB who brought the punters up from Oz.
This will ensure complete Virgin group carriage of punters along the VERY lucrative Kangaroo Route.
AN does not have the ability to match that at present.Period.
Further,
VB have a winning product that was going places BEFORE AN went belly-up.
And
VB are looking to operate into the reasonably heavily populated but under-serviced south-east pacific region."Backyard International" if you will.
I wouldn't be writing off
VB at all!!
Seasons Greetings