Restructuring

Globetrotting engines a problem for Virgin VAs

Deloitte’s Sal Algeri. Images published this week of Virgin planes barricaded behind vehicles at Perth Airport are a reminder that the arrival of insolvency practitioners at the table doesn’t mean every player will surrender their chips. As iNO has been learning, huge, hard-to-house shaped planes are a pain to possess.  When it comes to ransoming aviation assets, the jet engines routinely removed for maintenance and…

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