"Virgin Australia Mk II could launch in as little as three months"
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.
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Scurrah is that you?
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
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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
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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

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.
Edit: as of 5.02 (EST I guess) SMH reports the Admin claims 7B in debt in submitted court docs.
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
I'd expect that all the vehicles impounding the aircraft would already be part of the airside vehicle fleet