Dude,
if you think that is the case..................good luck to you.
VB is VA.
VA is
VB.
end of story.
There is no separation, they are cross colatoralised.
VA's assets are secured by
VB's.
Think about it. If you were a lender, and going to extend a startup organisation 300m for a plane, wouldn't you want some more security other than the plane which is now only worth 250m because it is second hand?
The basic sniff test always works in the end.
tsalta