Hog,
I don't think there are many airframes that
VB actually own. Its only about 10 aircraft. The rest are leased and the firm orders are for EMB's and some 777, they are not even here yet. If they are buyin the stock for firm order options, well thats different.
VB owns nothing, no terminals, no assests, just the rights to Bransons name. About the purchase rights to the 737's, I don't know how many they have on order. Interesting times ahead myfriend.
Either way, I think this company is a slow sinking ship! I give it 12-18 months and it won't exsist in its current form. Two airline Aus, here we go again.