Coronavirus

[Oracle]

I don’t know if you understand accounts, but valued on going concern basis in last years accounts
Virgin Australia still had 600mn net book value , ( ie positive value) although was losing hundreds millions a year.

Value any business on non going concern basis, all leases and debts immediately payable with contingent liabilities, it never looks pretty.

Branson only had a small holding. 10 percent?

It shows what a tough business airlines are.
Not sure leaving quantas as sole big player is good for Australia.

But consider if these airlines go bust, then airbus will fold as well. Where does it stop?
Avoiding Contagion is the reason UK should fund virgin.
Apart from the jobs and tax those people pay.
EasyJet needs to cancel orders for a lot of planes.

I refuse to read the times after last weeks disgraceful article on government response to corona.

I suggest you read today's The Times page 45 on Mr Branson and Virgin Atlantic.

The Daily Telegraph reports (page 31) that Virgin Australia owes £3.5 billion to 12,000 creditors. But it is now in bankruptcy protection so the beard will be OK on Neckar.

I wholeheartedly agree about bloated salaries in councils and universities (not sure where you went - Imperial College?).

I worked for a plc.