"Virgin Australia Mk II could launch in as little as three months"
Join Date: Mar 2005
Location: A house
Posts: 639
Ever heard of a little thing called an exchange rate? A lot of the debt was in $US.
Also employee entitlements are not really a reportable debt when a company is still trading. But it automatically turns into a debt when in administration.
Join Date: Jun 2010
Location: Sydney
Age: 39
Posts: 483

Scurrah is that you?
Join Date: Nov 2006
Location: Auckland, New Zealand
Posts: 9
Call it Australian Airlines (oh wait - isn't that owned by QF)
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
The Koala Carrier
Airlines of the Lucky Country
Air Kangaroo - guaranteed to know your teeth out as we hop down the runway
How am I doing?
Ok - I'll get my jacket
Join Date: Oct 2013
Location: New Zealand
Age: 69
Posts: 437
Join Date: Apr 1999
Location: Brisbane
Posts: 451
Employee entitlements are $450 million according to business journos on the news reports tonight.
With around $7 Billion AUD debt to reconcile with creditors as part of the VA process, the administrator has a gargantuan task ahead of them to get agreement between the players.
PG
With around $7 Billion AUD debt to reconcile with creditors as part of the VA process, the administrator has a gargantuan task ahead of them to get agreement between the players.
PG
Join Date: Sep 2003
Location: a
Posts: 188
Join Date: Oct 2013
Location: New Zealand
Age: 69
Posts: 437
Join Date: Nov 2004
Location: EC
Posts: 61
Join Date: Dec 2019
Location: Melbourne
Posts: 23
Join Date: Apr 2001
Location: Sydney,NSW,Australia
Posts: 125
Just call it Tiger, which they bought for $1 and tell Tricky Dick he can keep his logo saving $$$$$$$
The Chinese love tigers..... they just can't eat a whole one in one sitting

Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
Posts: 4,607
They traded with a limited liability company that is now in administration- they are a creditor like anyone else and have no right to take out individual liens.
Join Date: Nov 2017
Location: australia
Posts: 146
Edit: as of 5.02 (EST I guess) SMH reports the Admin claims 7B in debt in submitted court docs.
Join Date: May 2013
Location: Mostly here, sometimes over there...
Posts: 318
Don't vehicles require certain certification to be Airside?
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
....maybe they stepped over the line here, and I'd love to see some fines of breaching Air Nav Regs issued to Perth Airport smartasses by CASA
Join Date: May 2012
Location: Stralya
Posts: 68
I'd expect that all the vehicles impounding the aircraft would already be part of the airside vehicle fleet