Virgin Blue CEO Brett Godfrey decided that the best form of defense is attack and warned that some airlines face imminent shutdown because of soaring fuel prices. Three weeks ago Godfrey was forced to defend Blue from reports that it risked bankruptcy (ATWOnline, June 6). JP Morgan, author of the possible scenarios that prompted the press speculation, later clarified that it did not believe Blue faced bankruptcy. However, Godfrey told ABC television's Lateline Business program that the ...

Subscribe to Access this Entire Article

"Other News - 06/24/2008" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.