AIR - Air NZ.

[winner69]

Seems Virgin Aust going into administration

[nztx]

Seems Virgin Aust going into administration

it seems likely -

https://www.abc.net.au/news/2020-04-...vency/12165550

"Virgin Australia pilot calls for a last-minute lifeline as company approaches insolvency"

[samjaynz]

My fav WSB hall of fame moments are probably the guy who lost $4m (incl f&f money) trading VIX and the guy who made what something like $10m on Tesla puts

Was the first one the guy who basically exposed a big flaw in Robin Hood risk management? Or am I thinking of the wrong one:

https://www.reddit.com/r/OutOfTheLoo..._and_1r0nyman/

[Snow Leopard]

Seems Virgin Aust going into administration

I have been informed that it has indeed happened, although I have no confirmation of this.

Never invest in Airlines

[kiora]

I have been informed that it has indeed happened, although I have no confirmation of this.

Never invest in Airlines

What about Helicopters?

[nztx]

Behind the Paywall (pasted from Google search):

Virgin Australia: Airline faces voluntary administration www.theaustralian.com.au › business › dataroom

25 mins ago - Virgin's Australia has been placed into voluntary administration after a board meeting on Monday failed to secure a white knight backer.

[Balance]

Behind the Paywall (pasted from Google search):

Virgin Australia: Airline faces voluntary administration www.theaustralian.com.au › business › dataroom

25 mins ago - Virgin's Australia has been placed into voluntary administration after a board meeting on Monday failed to secure a white knight backer.

Karma.

Remember how Richard Brandon tore up a make-up cheque from Air NZ to buy Virgin to access the Oz domestic market when Ansett got into trouble?

Now Oz will have just the one airline. Air fares sure will be going up!

[dompf]

Karma.

Remember how Richard Brandon tore up a make-up cheque from Air NZ to buy Virgin to access the Oz domestic market when Ansett got into trouble?

Now Oz will have just the one airline. Air fares sure will be going up!

The articles are reading like Morrison’s government wants another competing airline in Aus but other businesses take priority and they are waiting to see where all the chips end up.

might not be the last we see of Virgin (and I hope not) it’s always good to not have a monopoly in business.

[Independent Observer AUNZ]

The articles are reading like Morrison’s government wants another competing airline in Aus but other businesses take priority and they are waiting to see where all the chips end up.

might not be the last we see of Virgin (and I hope not) it’s always good to not have a monopoly in business.

*shrug* with the direction Qantas are going, just like Air NZ it will be a government owned monopoly - air travel as a public transport. I can see worse outcomes.

[Marilyn Munroe]

might not be the last we see of Virgin (and I hope not) it’s always good to not have a monopoly in business.

If they could see some future advantage it represents an opportunity for Lee Kuan Yew Airlines to eliminate their fellow shareholders from the register for a knock down price.

Any of their fellow shareholders seeking to raise money to increase their stake in a bust airline would have their financier instructing a flunkey to release the hounds.

Boop boop de do
Marilyn

PS. Richard Branson of Virgin is trying to raise cash to shore up Virgin Atlantic. A completely different company to the under arm namesake.
https://www.dailymail.co.uk/news/art...d-bailout.html