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Air NZ looking to sell Virgin Australia stake

Rocket says: This is nothing like Qantas two years ago. Qantas were profitable before and after that. Virgin under the current leadership has not been profitable at any point.

Question that has to be asked is if not for the $350m capital raising, partial sale of Velocity and this latest $425m loan where would VA be? I don’t see individual shareholders would have provided those funds under share issues. If it weren’t for the three major shareholders VA would not exist and it would be precisely because of the spending by current management.