Good move by Queensland Government to forestall a move to Victoria.
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Originally Posted by normanton
(Post 10753688)
Would the government block a chinese takeover if it meant the airline would fold? Some big balls from SCOMO.
Saw the money from the QLD government coming from a mile away. Morons fell for the "we'll move to Melbourne" threat. |
Originally Posted by Sunfish
(Post 10753690)
Good move by Queensland Government to forestall a move to Victoria.
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Originally Posted by chance
(Post 10753602)
Latest is that Scurrah is talking to a group comprising China Southern, China Eastern and Air China to do the rescue deal. So three Chinese companies as distinct from now with an Arab, a Singaporean, two Chinese and a Pom. Seems likes its Hobsons Choice as D Day approaches.
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Does anyone know if Virgin own or lease aircraft or a mix of both. ?
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Originally Posted by TWT
(Post 10753700)
Just curious, would you have a link to the source of this rumour by any chance ?
Turn the news on it’s been all over it or buy a newspaper! I don’t think this is a good thing having the Chinese buy VA this will be bad long term. |
My gut feeling is the other states won’t match it. It’s a Brisbane based airline and the other states will still have air services or some form. Plus they’re broke.
the Chinese will be the best bet. |
Originally Posted by Square Bear
(Post 10753680)
Isn’t it that whoever buys into Virgin aren’t buying an Australian company, but buying a predominately overseas owned company that is based and operates in Australia?
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Originally Posted by Matt48
(Post 10753716)
Does anyone know if Virgin own or lease aircraft or a mix of both. ?
But they don’t really own them. As they have Borrowed cash against every one of them (minus the Fokker), with the now problem of unable to pay the debt tied to them, they are really owned by the banks. |
A mix of both.I think they own 4 777’s and about 30 737’s.
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Originally Posted by mates rates
(Post 10753735)
A mix of both.I think they own 4 777’s and about 30 737’s.
One poster says just "owned", another says 50% owned but used as collateral for loans...so the financial institution either "owns" or has a substantial holding. It sounds as if VA own ZERO of the mainline fleet - if all are used as security for loans. |
Originally Posted by wheels_down
(Post 10753727)
About 50/50
But they don’t really own them. As they have Borrowed cash against every one of them (minus the Fokker), with the now problem of unable to pay the debt tied to them, they are really owned by the banks. |
Originally Posted by Blackout
(Post 10753606)
The Chinese should be barred from buying any business/asset in Australia.
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If the chinese want in, they should be allowed in under the current circumstances i.e. $5b debt.
If they want it cheaply once the company goes into administration, the government should be telling them to get ^%$#@!. |
Capitalist when in Profit, Socialist when not.
Am I missing something here? :ugh: They definitely can not have it both ways! :mad: No bail out... |
Originally Posted by snoop doggy dog
(Post 10753758)
Capitalist when in Profit, Socialist when not.
Am I missing something here? :ugh: They definitely can not have it both ways! :mad: No bail out... But hey, it's legal! |
Originally Posted by normanton
(Post 10753754)
If the chinese want in, they should be allowed in under the current circumstances i.e. $5b debt.
If they want it cheaply once the company goes into administration, the government should be telling them to get ^%$#@!. |
Originally Posted by snoop doggy dog
(Post 10753758)
Capitalist when in Profit, Socialist when not.
Am I missing something here? :ugh: They definitely can not have it both ways! :mad: No bail out... |
Is Joyce still around ?
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Originally Posted by Toruk Macto
(Post 10753780)
Is Joyce still around ?
It’s been great. |
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