You can't accuse Virgin Australia's chairman, Elizabeth Bryan, of being anything less than bullish about the airline's state in the market.
In announcing a $425 million loan from its four big shareholders - Air New Zealand, Etihad Airways, Singapore Airlines and Virgin Group - Bryan lauded Virgin's recent makeover as "one of the most successful transformations in Australian corporate history". 
Now, we're not sure exactly where Virgin's aggressive push into the business market and its turnaround under chief executive John Borghetti ranks "in Australian corporate history".
But as Monday morning's loan announcement makes clear, the strategy - and the investment it has involved - hasn't come without some balance sheet pain for the airline.
As Jamie Freed made clear in Due Diligence, foreshadowing the loan move, Virgin's cash position levels have been dropping in recent months.
At   December 31 the company's unrestricted cash balance was $544 million, down from $839 million a year earlier.
The airline also took out a $US125 million ($164 million) short-term loan in the first half of the financial year. Seen in this context, the $425 million loan, and Monday's accompanying announcement of a review of Virgin's capital structure, is less about major balance sheet repair and more about buying the airline a bit more time to get that repair done.
It will also give Virgin's airline shareholders a bit more time to consider their options, and, more specifically: how much more are they prepared to pump into the airline? Could they, as some have speculated, pursue a privatisation of the airline?
  Maybe, although this could get expensive quickly if such a deal involved buying out minority shareholders and a bigger shareholder such as Richard Branson's Virgin Group. Could they undertake a big rights issue? That's certainly a possibility, but Virgin Australia would have to consider the strings that were attached to that. Last time it was board seats - what price would be extracted this time around?
Could the shareholders push for Virgin to raise more cash by selling the rest of the Velocity frequent flyer program, 35 per cent of which was sold to Affinity Partners in 2014 for $336 million? That would help ease balance sheet concerns, but Borghetti and Bryan may be keen to retain as much of the business as they can.
As well as looking at the balance sheet, the review will examine "operational initiatives to enhance cash flow and profitability". Will that mean cuts to capital spending and further cost-cutting? Most likely.
Virgin Australia posted an eightfold rise in underlying profit before tax in the first half to $81.5 million, and consensus estimates are for Virgin to swing to a full-year underlying profit before tax of $143.4 million from the year-earlier $49 million underlying loss before tax.
Meeting or even beating that number can only help buy Borghetti and Bryan more credibility as they negotiate the bigger picture with shareholders.