Mining magnate Andrew "Twiggy" Forrest has emerged as a possible bidder for Virgin Australia, as administrators of the collapsed airline say 20 potential buyers are vying to keep the carrier alive.
Virgin's creditors, who are together owed almost $7 billion and include banks, bondholders, aircraft lessors and workers, were told at the meeting that potential buyers needed to submit non-binding indicative offers by May 15, with binding offers by June. "We remain confident that our target of achieving a sale by the end of June is achievable," Deloitte's Mr Strawbridge said after the meeting.
Administrators from Deloitte also told creditors it intended to make a court application to delay the second creditors' meeting, due on or before May 22, by up to three months. The second meeting is where creditors vote on what should happen to the company, including being relaunched with new owners or wound up.
pwhatch sdanck Traitor 🇨🇳
pwhatch sdanck He’s totally discredited himself with that press conference debacle showing where his true allegiance lies, bringing in a Chinese cyber-spy to address the nation. He must not be allowed to buy Virgin. If he does we’ll all have to totally boycott the airline and support Qantas
pwhatch sdanck You mean China wants in ....
pwhatch sdanck Traitorous Twiggy Forrest. Uses his Billions to spruike Chinese propaganda
pwhatch sdanck He should be commercially black listed for 20 years, if it’s been shown that he’s conspired to have provided an economic advantage to China post this decimation of the Australian economy, in time’s of war would he have been considered a traitor ?
pwhatch sdanck Fancy that. Special relations with the party in power are useful. This can't be real. EliminateBillionaires
pwhatch sdanck Not to him. It would be like selling to China
pwhatch sdanck Twiggy buying or Communist China buying?
pwhatch sdanck It cannot be allowed with Chinese money or backing!!
pwhatch sdanck With his CCP backers
pwhatch sdanck How much of Chinese money is he going to be using?
pwhatch sdanck Wow ... so many people hate China
pwhatch sdanck I hope his purchase is not allowed if he does it with Chinese money.
pwhatch sdanck Oh no... ? China here we go...
pwhatch sdanck Sponsored by the Bank of China
pwhatch sdanck One way to loose a fortune
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'Take a chill pill': Andrew Forrest defends inviting Chinese consul-general to Greg Hunt press conferenceAAP Mining magnate Andrew Forrest has laughed off criticism for inviting the Chinese consul-general to speak at a government press conference in Melbourne. Why is a non government person speaking at a government press conference? Ha, bloody ha, Twiggy Anyone remember voting for twiggy?
Source: SBSNews - 🏆 3. / 89 Read more »
‘For the first time in my life, I’m frightened of my government’: Andrew Bolt | Sky News AustraliaSky News host Andrew Bolt says “for the first time in my life, I am frightened of my government” as the catastrophic coronavirus laws are 'smashing' the nation into another depression. \n\nOn Wednesday, Prime Minister Scott Morrison had stressed Australia is “not too far” from restrictions being relaxed as he spruiked the COVIDSafe app as being the “ticket” to the road back.\n\n“For just a second today, I thought, at last the prime minister now gets it'.\n\nInstead, Mr Bolt said 'for the first time in my life, I am frightened of my government”. \n\nMr Bolt said it wasn’t “just the federal government” he fears, but also the Victorian government which is “the most insanely militant of all state governments” in the country. \n\nMr Bolt argued the strict social distancing measures are having vast negative effects on society and that the threat of coronavirus has been exaggerated. \n\n“I accept my freedom has its limit,” however some of the coronavirus bans “are mad and random with no real link between them and the danger they’re supposedly saving us from”. \n\nMr Bolt said he obeys the coronavirus laws “not because I respect them but because, a bit like a criminal, I just fear the punishment”. \n\n“Government is now not my protector but a threat”. \n\nImage: AP \n Give us a break Never trust your government - NEVER. You are the Government Andrew Bolt - You have been running their PR narratives for decades.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Take a chill pill': Andrew Forrest defends inviting Chinese consul-general to Greg Hunt press conferenceAAP Mining magnate Andrew Forrest has laughed off criticism for inviting the Chinese consul-general to speak at a government press conference in Melbourne. Why is a non government person speaking at a government press conference? Ha, bloody ha, Twiggy Anyone remember voting for twiggy?
Source: SBSNews - 🏆 3. / 89 Read more »
Mining magnate welcomes China's assistance with securing 10 million coronavirus tests | Sky News AustraliaMining magnate Andrew ‘Twiggy’ Forrest says he’s “deeply grateful” to the Chinese government for assisting his philanthropic Minderoo Foundation with securing 10 million COVID-19 tests for Australia.\n\nMr Forrest told Sky News most of the tests, which were sold to him by the Beijing Genomics Institute (BGI) can work straight away and are being rolled out across the country.\n\nThe Minderoo Foundation spent $320 million on the tests, which will be repaid by the Australian government interest-free.\n\nMr Forrest said BGI had to fend off “intense” offers from governments around the world who wanted the technology for themselves.\n\nHe said all the machines will be available by May and will help prepare Australia if the pandemic comes back in a second wave.\n\nThe mining magnate told Sky News it’s important Australia should keep “politics and ideologies” out of the coronavirus fight.\n\n“If there was an opportunity to have hurt Australia, then interfering in this agreement would have been it,” he said.\n\n“I know for sure BGI was backed by their government, just like I was backed by our own.\n\n“I am very grateful that there are people in Beijing who love our country, and who respect us.”\n\nImage: News Corp Australia minderoo So much for buying Australian. Pay some tax you fraud. minderoo UGH another twit in pockets of the CCP minderoo Hope every batch is tested before importing or distributing to hospital.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Virgin Australia owes almost $7 billion to more than 12,000 creditors - ABC NewsVirgin Australia owes almost $7 billion to more than 12,000 creditors, its administrators Deloitte have disclosed, ahead of their first creditors' meeting at 11:00am on Thursday. How can I get 12,000 creditors? I want to go shopping Looks like the virgin empire totally mismanaged and the boss creams off luxury at the expense of customers Sounds like it wasn't a viable business model.
Source: abcnews - 🏆 5. / 83 Read more »
Virgin Australia begins crisis talks with staff | Sky News AustraliaVirgin Australia's administrators will begin crisis talks with company staff today. \n\nVirgin is reportedly $6.8 billion in debt, with $450 million is owed to staff. \n\nThe meeting will be held via video-link, due to coronavirus restrictions. Which fkwit wanted the government to bail out this debt ridden mess? Pay your staff then bye bye If richardbranson won't spend every penny he's got to save the staff, that man should burn in hell. Billionaires are disgusting creatures.
Source: SkyNewsAust - 🏆 7. / 78 Read more »