FYI the majority owner of Virgin Blue, Toll Holdings yesterday announced it would write off its investment (acquired through a takeover of Patrick Corp.) in the airline and pass on ownership to Toll shareholders. The value of DJ shares fell 75% in the past year due to the impact of oil prices and the airline's expansion costs.

Thus the ownership register is wide open, Virgin is again the largest shareholder and it might be possible for another airline to make a raid on DJ shares and grab ownership and Australin and transpac rights for a song. (SQ?)

There will be discussion on the Qantas forum (&AFF) and possibly the Other Australian / Asian FFPs forum.

[Edit to add: I put links and a few stories in this existing DJ solvency thread]