This is good news for both Virgin and Toll.
Toll get rid of an asset that is volatile and cyclical in it's nature.... Toll's core business is more steady in its earnings.
For Virgin it means they are free to make their own decisions without Toll's imput. I would also expect there to be another airline out there that may be interestedin snapping up a few shares.
The shares are cheap, but DJ is in a good positon compared to alot of other airlines around the world... lots of cash in the bank - but IMHO in need of a more strategic partner/alliance (and an owner who is into the airline business)
The price may just be right for someone to jump in - Toll were greedy fools not to sell it last year when they had offers.