I find it interesting that
VB wont tell the market how much they got for their 737s they just sold to the Chinese Bank BOC.
Virgin Blue leases back new 737s - Brett Godfrey, chief executive of the Brisbane-based carrier, flagged the arrangement when he announced the first-half loss last week.
He said then that an asset realisation program involving freehold property and the sale and lease-back of aircraft also raise over $150million.
Geoff Easdown - Herald Sun
March 03, 2009 12:00am
So lets say $150 million to add to the $526 million reported at half year.
It gives some more breathing space but its like taking your wifes jewellery to the pawn shop.
Desperate times.