Business
Virgin boss urges workers to ignore bondholder ‘noise’ – Sydney Morning Herald
Virgin’s CEO Paul Scurrah has warned his workforce that a gambit by bondholders to take control of the airline would cause disruption and delay the resurrection of the airline.
“If for some reason an alternative proposal was allowed to be put to the meeting to be voted on, it would be very disruptive to the sale process and problematic for us,” Mr Scurrah said in a note sent to staff seen by this masthead. “Any delay to the administration process would mean we remain in administration for a longer period.”
“From day one, the goal has been, and remains, to bring this business out of administration as quickly aspossible and avoid the potential outcomes of going into liq…
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