None of the above.
This is simply a way for Virgin to secure jobs and investors by very cleverly securing assets to a company that is linked to VAL but not in it's integrity. So if there was another 911 type event, funding would be available to tied them over unlike the last time it happened. Virgin does not own many of it's aircraft so has little or no collateral to satisfy investors to give up their hard earned cash. By setting up this company with certain asserts tied to it, money can be borrowd relatively as cheap as leasing the aircraft. That is about as much as I will discuss on this as it is company sensitive but as a company pilot, I feel a lot more secure with this very clever business plan. It may not appear this way to the outsiders but believe me this is a very shrewd move that many companies employ. It means that all your eggs are not in one..... You get the picture.