Had a quick look at Virgin financials.
Last 1/2 year was pretty abysmal seeing airlines are meant to be creaming it. Operating cash flow was only $10m and after capex etc negative free cash flow of $250m odd.
Debt over $3.1 billion with equity less than $1 billion - highly leveraged. See why they need a few hundred million extra cash in light of current cash burn.
AIR will never see the amount lentagain. I suspect that it will end up as equity along with a another decent injection of capital before years end.
This 'connection' with Virgin must be vitally important to AIR - yes?