Private equity buyout could turn Virgin Australia around, but Branson’s island alone won’t raise enough cash: Investor

Thomas Madden of Leyland Private Asset Management says Richard Branson’s offer to mortgage his private island for collateral to bail out Virgin Australia will likely be inadequate. However, he anticipates a lot of interest from private equity, and says if Branson or another airline were to team up with a player who has the cash, a turnaround at the airline is possible.