VAH 0.00% 8.6¢ virgin australia holdings limited

Who will buy - Virgin Australia ?, page-14

  1. 23,690 Posts.
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    "Velocity is a separate company, although it's wholly owned by Virgin Australia Holdings"

    VAH issued VAHHA bonds to buy Velocity back. How can VAH create debt and screw creditors for Velocity not to be part of the administration basket. If VAH gets liquidated the liquidator better sue for Velocity assets.

    Virgin Australia issues $425 million notes to fund Velocity acquisition

    Virgin secures $623 million loan for Velocity buy-back
 
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Currently unlisted public company.

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