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There's not much more it can be hollowed out. If it's not to continue as an operating airline, the only assets to be sold for "scrap" are the aircraft (they own

There's not much more it can be hollowed out. If it's not to continue as an operating airline, the only assets to be sold for "scrap" are the aircraft (they own about half their fleet), and there's not much demand for them right now, or for the foreseeable future. But its brand, network and operating infrastructure have substantial value, so they'll get a much better return if they can get it operational and profitable again.

542458 6y ago
They can’t sell the airplanes for scrap, because they don’t own them - Virgin Australia leases its planes.
- tomhoward 6y ago
  They own about half of them according to the Forbes article below, including four of the five 777s they operate. But even if you're right it only enhances my point; there's little "scrap" value in VA; it's either an operating airline or nothing. https://www.forbes.com/sites/willhorton1/2020/04/25/is-virgin-australia-greater-than-the-sum-of-its-parts-perth-airport-seizes-planes-as-assets-dwindle/#1600884d73df https://www.forbes.com/sites/willhorton1/2020/04/25/is-virgi...
  - aryonoco 6y ago
    The four they own, we're fitted with small cargo doors, as opposed to standard ones, to save pennies. Now, in a world of Dreamliners and A350s, The major life of a second hand 77W is as a freighter, but no one wants these birds cause they are not suitable for freight operations. So yes they own them, but no one is going to buy them. John Borghetti and his team made a lot of stupid decisions during their decade at the helm. This really was the cherry on the top.
    - bgorman 6y ago
      Is there no way to retrofit a larger door onto the aircraft?
      - ficklepickle 6y ago
        I can think of two options, at opposite ends of the cost spectrum: a sawsall and duct tape, or send it back to Boeing for modification. One of those options is crazy reckless and the other crazy expensive. I will leave it up to the reader to decide which is which .

542458 6y ago

They can’t sell the airplanes for scrap, because they don’t own them - Virgin Australia leases its planes.

tomhoward 6y ago
They own about half of them according to the Forbes article below, including four of the five 777s they operate. But even if you're right it only enhances my point; there's little "scrap" value in VA; it's either an operating airline or nothing. https://www.forbes.com/sites/willhorton1/2020/04/25/is-virgin-australia-greater-than-the-sum-of-its-parts-perth-airport-seizes-planes-as-assets-dwindle/#1600884d73df https://www.forbes.com/sites/willhorton1/2020/04/25/is-virgi...
- aryonoco 6y ago
  The four they own, we're fitted with small cargo doors, as opposed to standard ones, to save pennies. Now, in a world of Dreamliners and A350s, The major life of a second hand 77W is as a freighter, but no one wants these birds cause they are not suitable for freight operations. So yes they own them, but no one is going to buy them. John Borghetti and his team made a lot of stupid decisions during their decade at the helm. This really was the cherry on the top.
  - bgorman 6y ago
    Is there no way to retrofit a larger door onto the aircraft?
    - ficklepickle 6y ago
      I can think of two options, at opposite ends of the cost spectrum: a sawsall and duct tape, or send it back to Boeing for modification. One of those options is crazy reckless and the other crazy expensive. I will leave it up to the reader to decide which is which .