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Virgin Australia has only 'about one month of operating cash-flow'
The Brisbane-based company has the third-highest debt ratio among global airlines as it takes on loans to fund this battle. Virgin is pledging its head office building for a new bank loan, taking out credit lines from Air New Zealand Ltd., Etihad Airways PJSC, and Singapore Airlines Ltd. (SIA), all big shareholders in Virgin Australia. It also has a credit line from a joint venture with the Samoan government. (www.businessweek.com) Más...
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Good luck Virgin Australia hope it works out we don't need another airline to go the way that Compass Airlines went in the 90,s leaving us with only limited domestic carriers.
