Sorry mitchsydney i left something out. What i meant to say is that the administrators will sell the airline for whoever offers the most $. Be interesting to see how they handle Velocity as a part of a sale. i.e. what value does it have if there is no airline and vice versa. I wonder how much of...

I have no doubt VA will reappear in Australia under new owners. Administration allows them to jettison the financial baggage of current owners and operate under a new financial structure with new owners.

Why didnt the owners put some more money in? It seems to me that $5Billion debt is pretty incompetent management.