Comments by "David Aspinall" (@yt.personal.identification) on "How Richard Branson Is Trying To Save His Virgin Empire" video.

  1. "Voluntary Administration" in Australia is a step before bankruptcy, designed for larger companies to stop key businesses going bankrupt. As Virgin is seen as key to competition in the airline industry, they want it to avoid bankruptcy. So they appoint administrators to save it from going bankrupt. They negotiate debt etc to see what can be done.
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