VB should have stayed as a niche domestic carrier and left the long haul operations to established players. Even at this late stage it would not be too late to close down V oz and wear the losses, this probably being preferable to operating half full 777's across the Pacific. It doesn't take Einstein to work out how long it would take to deplete 600 mil of cash reserves (if that is what is still left). Wrong time, wrong place, bite off more than you can chew etc. Time will tell but I am sure most shareholders would be very nervous with the decisions coming out of Brissy. I hope I am wrong but like they say, the writing is on the wall.