Virgin Atlantic
Does anyone have a view on whether VS have a viable strategy to keep flying if - as is reliably predicted - cash will dry up within a month?
I understand that SQ are unable by law to increase their 49% holding and that RB's shares are secured to Lloyds TSB to cover the Virgin Mobile venture and other subsidiary company activities.
Cash has already been generated from aircraft refinance and a massive rotable spares refinance through Royal Bank, so where will the cash come from to keep the airline afloat??