Will Richard Branson's new Australian airline go ahead?
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Join Date: Apr 2008
Location: Australia
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Will Richard Branson's new Australian airline go ahead?
I just read in The Australian Newspaper (12.6.08)......
"Meanwhile, Merrill Lynch aviation gurus suggest Virgin can avoid the need for an equity raising if it defers or cancels plane orders. It raises the prospect of Virgin cancelling some, or all, of the Boeing 777s on order. The planes -- estimated to be worth $115 million apiece -- are pivotal to the launch of the offshore arm, V Australia, in December;"
Doesn't sound too good...what do others think?
"Meanwhile, Merrill Lynch aviation gurus suggest Virgin can avoid the need for an equity raising if it defers or cancels plane orders. It raises the prospect of Virgin cancelling some, or all, of the Boeing 777s on order. The planes -- estimated to be worth $115 million apiece -- are pivotal to the launch of the offshore arm, V Australia, in December;"
Doesn't sound too good...what do others think?
