Dirty Deeds,
As much as I think the whole VA concept is totally flawed in the current climate, BG must have got the finance some time ago to cover the existing 777 orders. This finance would have been based on very different sets of numbers and forecasts.
If
VB has been hocked to the eyballs to cover VA, surely there would have been some ASX notification requirements that
VB would be providing security?
The only real security that
VB now has is their (diminishing) cash war chest.
VA sucking the lifeblood out of
VB would have a very finite time frame, and they both can't survive the leasing costs on 2 largely unfilled triplers without an outside injection of funds.