Originally Posted by
kev2002
So despite what many on this forum suggested, perhaps Luxon was right to pull the plug. Time for new governance and executive team me thinks
There should be no question now that Luxon was right, the question is, why has the board continued to support Borghetti?You would expectt that Elizabeth Bryan would be second person out the door, right behind Borghetti if this analysis is even close to being correct.
It shouldn't be lost on employes either that Borghetti's fixed pay went up 400k for the 15-16 financial year.
330's anf ATR's were intended to be the saviour of the airline, instead they may well be the death of it. One can only assume the Chinese had access to all the financials before they bought in and therefore are committed to the long term. Without them, Virgin will indeed be in dire straights in the very near future.