[QUOTE=SOPS;10767918]Twiggy is in the mix it seems.


Well, how does one make a small fortune out of aviation...?

What is their cash position? That's what I'd like to know.

You can rest assured that management bundled at least $30 million for Deloitte plus a million or so for exec team wages into the Captain's lifeboat before scarpering off to leave their trade creditors and landlords on the badly listing Costa YaShirt to fend for themselves. I guess we now have to wait weeks/months till the second creditors' meeting to see how low they ran the cash reserves before entering VA.

Twiggy
 

He probably has been called “twiggy” from when he was a kid.
I very much doubt if he gave himself the nickname “ twiggy”.
Very much an Australian thing to call someone with the name Forrest “twiggy”.

good to see tall poppy syndrome is alive and well

Maybe Twiggy can chum up with a state-owned Chinese airline to buy Virgin Australia. Anybody for 'China Very Southern' or 'Panda Air' ?

What I don’t understand why there is any interest at all? Airlines around the world are laying people and asking for government hand outs. I just can’t see the attraction.

Maybe that’s why Twiggy is going so crazy about the Australian sentiment towards China at the moment. He’s lined up Chinese money behind a tilt at VA.

Took the words out of my mouth...disregard the man’s endless philanthropy, he’s a billionaire so he must be a prick right? Typical straaaayan attitude.

John Andrew Henry Forrest

Thank you chicken choker.

Hey Sandy, After his little "Rat" attack last night, he has shown his reasons for Pro Chinese development, he wants to take Virgin with Chinese $. Fat chance now. .

ooh snap!!

it’s okay mate. I’m not rich, so no need to be jealous/bitter/twisted

His forefather- John Forrest- was the first Premier of WA, so because he’s a young one off the family tree he is just a twig. Get it? Not a difficult concept, like”Junior “ , or “ Taddy”, or the myriad of other nicknames given to younger siblings

Oh dear, you thought that was a snap?! My my aren’t you a conceited one. Ummm, I don’t think so mate. And I’m sorry to hear that you’re not rich. Aviation has looked after me rather well !!

Shame it did nothing for your personality!

Back to the topic - there may be an interest by Forrest in VARA and the WA operation, but I can't see the attraction for the complete entity. He's not the sort of guy who would stake an operation without a guaranteed return.

It needs to be remembered that all the so called "interested parties" are just that and they will only be looking at a debt free start up using some of the assets of the carcass. So the debt has to disappear and that can only occur if the company is somehow wound up. No one is going to take a 100% haircut if the losses can be reduced to a lesser value by stopping the cash outflow now.

This account has to be some kind of elaborate troll account. Nobody not not heavily on the spectrum is this self unaware.

‘Elaborate’ is a big word for you to use das Uber Driver. Don’t go getting yourself all confused. Now, you and Chad go and find something productive to do like write down aircraft rego’s or send pen pal messages to Geoffrey Thomas.

Yikes.

I think there is a village somewhere looking for you kiddo.

Unless he wants to purchase a small portion of the company not because it makes loads of money, but to simply ensure that his mining interests are serviced by a regular FIFO service. Mining is and will remain his focus, not airlines. Smart man. As a hypothetical, he buys in, if the purchased chunk is big enough he gets a seat on the Board so that’s good. But what if it isn’t profitable? Does it matter? He loses say $50m per year in the airline but it keeps his mines operating which personally fills his pocket with hundreds of millions of dollars per year. Sounds good to me. Even better, he might break even on his invested component or even make a couple of bucks. But the methodology behind his buy-in is to keep his mines staffed and operating 24/7. That’s where the money is, mining. And that’s his motivation. That said, who cares what his motivation is, if it keeps Pilots in the air then that is a good thing.