IF VS was to take BD off of LH's hands then I think it will be a good thing.
Not simply because the two will fit together very well but I hope, as in the US, they would make some drastic changes to BD's on board service. I'm sure they wouldn't go for the LCC look like their companies down under and I think the perfect way for them to up stage any short haul carrier at Heathrow is to adapt the same/similar cabin to VX, which I must say, is THE best short haul product EVER!
I would assume they would be making changes to the fleet - after all, it's not like SRB likes anything from any other company associated with the Virgin brand.
Another bonus is the instant expansion of the Virgin airline network within Europe, N. Africa and Middle East. VS giving BD a makeover might just ruffle the feathers of BA enough for them to make some even more drastic changes and of course there would be a resuction in fares on competing routes.
And for that final reason alone - I am all for it!
