bachus,vba will probably have $0 cash at the end of the...

bachus,

vba will probably have $0 cash at the end of the year.

they will also probably not be able to service their $450 million loan and their operation and expansion in 09.

vba are showing bravado but it's likely to be bluff because they know that if qantas and tiger sense distress they will go for the jugular and vba will be gone sooner than the end of the year.....are they just buying time?

why do you think they were so defensive about a few newspaper reports about a broker report.

IF vba collapse, it wont be due to the fuel price, it will be due to management of the business.

cheers