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Forum: Australia, New Zealand & the Pacific

16th Sep 2019, 07:17

Replies: 274

Virgin Australia : 315 Million Loss - How long can they survive?

Views: 246,877

Posted By ebt

I'm nominating this one for post of the year. S&P...

I'm nominating this one for post of the year. S&P have said that the balance sheet can handle it, even with around A$1.1bn in debt due over the 2020 fiscal year. Yes, VA are paying a pretty penny to...

Forum: Australia, New Zealand & the Pacific

10th Sep 2019, 02:13

Replies: 274

Virgin Australia : 315 Million Loss - How long can they survive?

Views: 246,877

Posted By ebt

In theory she stays around until the end of the...

In theory she stays around until the end of the year to "assist with the transition" to the new CCO and the new EGM of Tiger, but likely she'll be on gardening leave for large part of it.

Forum: Australia, New Zealand & the Pacific

28th Aug 2019, 08:44

Replies: 274

Virgin Australia : 315 Million Loss - How long can they survive?

Views: 246,877

Posted By ebt

How long can they survive? Looking at the...

How long can they survive? Looking at the financials, for while longer yet. They had $1.7 billion in the bank at the end of June, but do have just over $1 billion in debt repayments due in 2020. But...

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