Chanticleer
Five lessons from Virgin's collapse
The consequences of Virgin's fall will be a surge in market share for Qantas and a slimmed-down competitor.
There are at least five lessons from the collapse of Virgin Australia, starting with the huge risks involved in running a balance sheet with excessive levels of debt.
Much of the blame for Virgin's parlous debt position, which is split $3 billion to secured creditors and $2 billion in unsecured creditors, must rest with the company's major shareholders.
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