I agree with Dan, VS is the flagship of the Virgin brand... and the brand value's reputation - based on Sir Richard's 'ethical' treatment of Virgin employees - would be shattered irreparably - it goes against everything he has ever stood for, built his empire on, and sold countless books about. In short letting VS go would destroy Sir Richards credibility completely.
An yes, BALPA did say there was an announcement due yesterday, and no change on the website which means things must have ramped up yet another gear in the meetings I guess.
Whats interesting if you look at various travel forums, newspaper comments is the travelling public who cant, or dont want to understand the real reasons behind the strike - have been saying for days now that they are shifting bookingsto BA etc as they are now 'sorted' and there's uncertainty over Virgin. Virgins efforts at keeping the public up to date have been pathetic and someone there needs a good kick up the backside for that imho.....