Virgin Australia is running out of cash

[davidc4430]

Virgin Australia is running out of cash and facing downgrades as coronavirus grounds planes, costs jobs

https://www.abc.net.au/news/2020-04-03/virgin-australia-is-running-out-of-cash-downgrade-coronavirus...

i believe virgin were on shakey ground before the virus, the virus has just sped up their crash.

as much as comentators say we need at least 2 ailines in australia history shows we cant support 2 airlines.

just like we couldnt support car making.

i dont think the tax payer should be giving this multi nation company any bail outs.

let them get it from their mega wealthy boss

[rogespeed]

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

[rogespeed]

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@davidc4430 wrote:

how much of virgin is foreign owned?

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Effectively 100% is foreign owned

Virgin Australia Airlines

https://en.wikipedia.org/wiki/Virgin_Australia

Parent company Virgin Australia Holdings

https://en.wikipedia.org/wiki/Virgin_Australia_Holdings

owned by

20.94%  https://en.wikipedia.org/wiki/Etihad_Airways

20.09%  https://en.wikipedia.org/wiki/Singapore_Airlines

19.98%  https://centreforaviation.com/data/profiles/airline-groups/nanshan-group

19.82%  https://en.wikipedia.org/wiki/HNA_Group

10.42%  https://en.wikipedia.org/wiki/Virgin_Group

[icyfroth]

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

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Kind of makes you wonder...in whose interest is it to destroy China's economy?

[rogespeed]

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@icyfroth wrote:

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

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Kind of makes you wonder...in whose interest is it to destroy China's economy?

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Downside of a extremely ordered society is that one can only blame one's self - All nations that trade are in commercial competition with each other while at the same time seeking the best standard of living for it's citizens , some of whom are not as productive as others as defined by nett capital gains

[davewil1964]

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@rogespeed wrote:

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@icyfroth wrote:

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

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Kind of makes you wonder...in whose interest is it to destroy China's economy?

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Downside of a extremely ordered society is that one can only blame one's self - All nations that trade are in commercial competition with each other while at the same time seeking the best standard of living for it's citizens , some of whom are not as productive as others as defined by nett capital gains

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By definition an extremely ordered society doesn't allow citizens to make decisions, thus the blame can't fall on the individual. And surprisingly, not all citizens of any society worship the almighty nett capital gain.

[rogespeed]

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@davewil1964 wrote:

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@rogespeed wrote:

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@icyfroth wrote:

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

---

Kind of makes you wonder...in whose interest is it to destroy China's economy?

---

Downside of a extremely ordered society is that one can only blame one's self - All nations that trade are in commercial competition with each other while at the same time seeking the best standard of living for it's citizens , some of whom are not as productive as others as defined by nett capital gains

---

By definition an extremely ordered society doesn't allow citizens to make decisions, thus the blame can't fall on the individual. And surprisingly, not all citizens of any society worship the almighty nett capital gain.

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true enough however in an extremely ordered society they worship the national entity - maybe China is not as ordered as seems, maybe the capitalist interface shell is stating to permutate the communist core 

[davewil1964]

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@rogespeed wrote:

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@davewil1964 wrote:

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@rogespeed wrote:

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@icyfroth wrote:

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

---

Kind of makes you wonder...in whose interest is it to destroy China's economy?

---

Downside of a extremely ordered society is that one can only blame one's self - All nations that trade are in commercial competition with each other while at the same time seeking the best standard of living for it's citizens , some of whom are not as productive as others as defined by nett capital gains

---

By definition an extremely ordered society doesn't allow citizens to make decisions, thus the blame can't fall on the individual. And surprisingly, not all citizens of any society worship the almighty nett capital gain.

---

true enough however in an extremely ordered society they worship the national entity - maybe China is not as ordered as seems, maybe the capitalist interface shell is stating to permutate the communist core 

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You, however, specifically claimed that the downside of an extremely ordered society was that the citizens have only themselves to blame.

The corollary is that a citizen of a disorganised society can blame 'somebody' else.

Do you see the paradox?

[rogespeed]

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@davewil1964 wrote:

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@rogespeed wrote:

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@davewil1964 wrote:

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@rogespeed wrote:

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@icyfroth wrote:

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@rogespeed wrote:

China's HNA has a 20% stake and is financially shakey at the moment with being nationalised a possibilty , hence future uncertain

https://www.afr.com/companies/transport/china-may-take-over-hna-which-has-a-20pc-virgin-australia-st...

---

Kind of makes you wonder...in whose interest is it to destroy China's economy?

---

Downside of a extremely ordered society is that one can only blame one's self - All nations that trade are in commercial competition with each other while at the same time seeking the best standard of living for it's citizens , some of whom are not as productive as others as defined by nett capital gains

---

By definition an extremely ordered society doesn't allow citizens to make decisions, thus the blame can't fall on the individual. And surprisingly, not all citizens of any society worship the almighty nett capital gain.

---

true enough however in an extremely ordered society they worship the national entity - maybe China is not as ordered as seems, maybe the capitalist interface shell is stating to permutate the communist core 

---

You, however specifically claimed that the downside of an extremely ordered society was that the citizens have only themselves to blame.

The corollary is that a citizen of a disorganised society can blame 'somebody' else.

Do you see the paradox?

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I said " one can only blame one's self " in context was really directed at authorities rather than the powerless of society , but i did not want to make so obvious , as the subject is starting to become a bit touchy

[chameleon54]

Virgin has been on very shakey ground for years. They nearly went under during the GFC. I was trading shares full time during the crisis and from memory, their share price got down to around 20 cents per share back then. 

[rogespeed]

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@chameleon54 wrote:

Virgin has been on very shakey ground for years. They nearly went under during the GFC. I was trading shares full time during the crisis and from memory, their share price got down to around 20 cents per share back then. 

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Chinese communists are relatively new to working within the capitalist commercial framework yet maintain their national ideals - bound to be some challenges and losses