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Old 26th April 2020, 05:23 PM   #2
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Join Date: 16-Dec-2010
Location: MEL & greatly missing the world
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Originally Posted by Dobbo View Post
Virgin Atlantic is in trouble in the current crisis, unable to operate flights because people are in lockdown the world over, the UK government are supposedly refusing to help out financially, Itís shareholders are unable to assist (Delta because it is seeking and receiving state aid in the US to survive, Branson because he doesnít have £500m) and the airline lacks the cash to continue after May.

The airline has supposedly been put up for sale, and the Singapore wealth fund are supposedly an interested party.

Any thoughts?
Well SQ has wanted to get more in on the Australian market for a long time but they didn't show any interest in buying further into VA. I suppose their priority at this point needs to be protecting SQ at all costs and without a crystal ball, nobody really knows yet how much that will end up costing.
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