"Virgin Australia Mk II could launch in as little as three months"

[Paragraph377]

Originally Posted by Sunfish

DC, it may not be the Board, there are these characters called Auditors. I wonder how well they are sleeping tonight. Me? I’m awake waiting for the ibuprofen to kick in for a sore shoulder.

Sore shoulder? Same as Borghetti. Difference is, and I am making an assumption here, the Sunfish sore shoulder is from swinging a club on the 18th hole (I told you that at our age we should only be playing 9 holes) and Borghetti’s sore shoulder is from lifting his wallet every day for 10 years at VA (or from trying to reach up for the coffee cups or pasta in the top cupboard!).

Its good to be the king.

[TCAS v2]

Surely Borghetti et al would have well and truly covered their tracks to ensure this "loan" of $ 150 million passed the pub test.

If they didn't and the administrators start investigating, they may well have to face a court somewhere.

I believe the court of public opinion has already delivered their verdict - guilty as charged

[machtuk]

Be interesting to see just how far down the toilet VA actually are when the Admins dig thru layer upon layer of corporate cover ups?

[The Bullwinkle]

Seems like Borghetti’s creative accounting tricks are being revealed.

About bloody time!
I hope they all get revealed and he’s finally held to account for his actions.......

[strobes_on]

It would need a court that has the power to prosecute to get Borghetti into the frame for any handywork doing his 10 years at Virgin.

That might be kind of difficult unless it's a criminal action.

[No Idea Either]

First creditors meeting over, no challenge to the appointment of Delloittes. Good sign.......

[Tommy Bahama]

I've never seen so many people in a company appearing so happy about the loss of millions and millions of dollars. Every time I see Scurrah he looks like the cat who just swallowed the canary I just don't get it.

[Paragraph377]

Originally Posted by Tommy Bahama

I've never seen so many people in a company appearing so happy about the loss of millions and millions of dollars. Every time I see Scurrah he looks like the cat who just swallowed the canary I just don't get it.

That would be the loyalists, the ones who foolishly believe the Branson’esq style of hoopla and excitement about working for the Virgin brand, helping to be part of a team who want to bring fairness to the average punter and give a budget service to those who have been held ransom to the pricing of the evil Qantas blah blah blah. Branson sales tactics to convince people that he isn’t about the money, he is about giving people a fair go! His BS sales pitch has run its course. Everyone knows he is full of crap. All billionaires are greedy grubs. The only difference is that he screws you with a smile on his face.

[PoppaJo]

Now twiggy is talking to consortiums.

Why so much interest in such a financially failed business.

Is it ego and prestige at stake here? ‘I own an airline’ etc...

[Des Dimona]

Today was just a formality - the business is a train wreck as long as COVID is around. With limited cash and effectively no income, there isn't much time to sort this out.

[Paragraph377]

Originally Posted by PoppaJo

Now twiggy is talking to consortiums.

Why so much interest in such a financially failed business.

Is it ego and prestige at stake here? ‘I own an airline’ etc...

Another billionaire who likes to pretend he is in it ‘for the little people’, a supporter of the average Joe. More BS. Twiggy is in it for Twiggy. The way he set up the Government to take a slap from the Chinese Diplomat at a live news conference where a Minister was speaking shows the ego, pride and audacity of these tossers. Anyone who calls themselves ‘Twiggy’ has to be a jackoff. I have more respect for Gina, at least she lets you know she is in it for herself!

[Servo]

Originally Posted by Blackout

.. As for Velocity not under the Admin ???? BOOM

What boom? Not sure I follow? What was mentioned?

Cheers

[Des Dimona]

Velocity is tied umbilically to Virgin - If Virgin goes under, Velocity is worthless.

That's what he means

[Vref+5]

Originally Posted by strobes_on

It would need a court that has the power to prosecute to get Borghetti into the frame for any handywork doing his 10 years at Virgin.

That might be kind of difficult unless it's a criminal action.

The Corporations Act has the option of criminal charges being raised, s184. There’s the civil penalties too s180-183, and if found guilty the option of disqualification under s206.

will ASIC want another scalp to add to it’s collection?

[SHVC]

So after this meeting today we all know going to administration seemed to be the best thing to have ever happened seemingly, Will it be a quick fix and ops normal in three months?

[SOPS]

Twiggy is in the mix it seems.


https://www.news.com.au/finance/busi...69308b7eb6815b

[Buster Hyman]

Originally Posted by SOPS

Twiggy is in the mix it seems.

I wonder if he'd settle for just VARA? Anyway, after his stunt yesterday, it may be a moot point especially if he needs Govt. approval (ie his Chinese mates jump on board)

[Hoosten]

Another billionaire who likes to pretend he is in it ‘for the little people’, a supporter of the average Joe. More BS. Twiggy is in it for Twiggy.

Yeah, I expect that's the case. But he has committed a great deal of his personal wealth to charity and philanthropic causes. He's the best of all those c@#ts.

The way he set up the Government to take a slap from the Chinese Diplomat at a live news conference where a Minister was speaking shows the ego, pride and audacity of these tossers

.

I didn't see the presser but apparently the Chinese dude was very concillatory? If that's the case he can expect to 'disappear' on his return to China.

Anyone who calls themselves ‘Twiggy’ has to be a jackoff.

Haha, lol.

I have more respect for Gina, at least she lets you know she is in it for herself.

She's still a knob.

[MickG0105]

Originally Posted by Tommy Bahama

Every time I see Scurrah he looks like the cat who just swallowed the canary I just don't get it.

Well, he's still getting paid something like $4-5,000 a day so there's that.

[TWOTBAGS]

A mate of mine previously flew Twiggy's Global...….. left to go work in China...… says the most LOL