Originally Posted by
blow.n.gasket
Also V-Jet don’t forget the $50-60 million every 6 months being pumped into that amazing Japanese Business just to cover wages now that partners JAL & Mitsubishi have disowned that Jetstar franchised opportunity !
It would appear Management are scrambling to cover their tracks prior to the IFRS new reporting requirements coming into effect.
Transparency of cross subsidisation amongst entities this year and off book leasing cost bought on balance next year.
Wonder what that outlay will do to P/E ratios ,share price and the potential to trigger debt covenants ?
Jetstar HK?
RedQ? Smartest men in the room?
