One or all of this three is going to hit the wall......Any Bets?
I can't believe Virgin management would be so stupid to allow the whole operation to fail because of VA.
Maybe the original economic model was profitable, but that model is no longer valid in the current climate. Additionally, QF running the A380 as direct competition won't help.
So, if it all goes south, my money would be on VA folding to try and save the parent.
Without a benefactor, Virgin needs to retain all the cash it can and that can only happen if the status quo (ie the existing
VB/PB operation) remains.