What a load of bollocks by the unsecured bond holders. The unsecured bond holders have equal ranking for the assets virgin have not already pledged if any. The secured creditors are going to get smashed because the absolute last thing they want is to exercise their security and take possession of aircraft hulls that are almost unsaleable in the current marked.
VAH hasn’t had positive EBITDA for 7 years. COVID-19 brought forward the date virgin drowned. That’s all.
What a load of bollocks by the unsecured bond holders. The...
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