The Aust govt though has an option of putting in a levy, like the PMC when we go out of Aust, or the former AN staff entitlement levy, and the govt allows airports to levy security recoup charges, as well as airport use charges, so if the Aust govt does back up either or both or 3 of the Aust majors, or all of the airlines, the govt has an opportunity to recoup their outlay.
There are just too many similarities to AN, between VA and the former AN.
Scary.
As for if VA will survive, maybe, maybe not.
At least they have a small sum of money coming in, of course, not really enough, but a savvy operator might decide to buy VA/VFF or both.
Publicly, at this stage, all the major players, (other airlines) are crying poor.
But there is money to be made out of VA/VFF (think of the data that VFF has on us (!))...
Maybe VA might come back, leaner and cheaper to run, with many benefits for us, costs for them gotten rid of.
Remember the original VBA when we didn't get a lot of things we now take for granted.
Aust Aviation (as the other website) has some mentions of the story of AN going kaput in 2001.
**VA could have saved a lot of $ if it didn't get involved with TT as in Tiger Air.
**AN also spent a lot of money, getting involved with the Olympics marketing, for Sydney in 2000.
Unnecessary.