I know a lot more about finance than piloting and this is such a dumb question to ask about a company which has so few shares available for trading that it ought to be delisted from the ASX.
These sort of bleatings about VBA have been going on since they were listed. Every single analyst projection about the company, for which one of my family flies, has proven dead wrong or turned out to be a Qantas inspired wet dream.
A year from now there will still be a Virgin Blue. The flights will still be chokka. It might even make money. It will have at least half a billion left in cash. Get over it.