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Old 1st Feb 2018, 17:16
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cxorcist
 
Join Date: Aug 2008
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Please expand on this... I have looked extensively and cannot figure out what the Swires are getting at. Taking all the cash out of the airline only makes sense if the intention is to sell the airline for planes, parts, and routes. The problem with that is that shareholder value is destroyed along with the balance sheet. So unless the Swire shares can retain value while the public shares are trashed, I don’t get it. Obviously, the employees will be left with no place to sit when the music stops playing.
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