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Heads in the clouds: Virgin creditors pick apart bondholder proposal – The Australian Financial Review

Big bondholders Tor Investment Management and Broad Peak Investment Advisers are putting all types of blue back into Virgin Australia.

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If you exclude Tiger and international, Virgin’s earnings from its dometic and Velocity Frequent Flyer businesses never cracked $800 million in the past decade, in what were much happier and more certain times for aircraft carriers.
Virgin Australia administrator Deloitte, led by Vaughan Strawbridge, right, has been working with the company’s management team, headed by Paul Scurrah.  Louise Kennerley
The way bond house FIIG Securities explained it to clients (some of which are the unfortunate …

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