Krismiler, it isn’t only Hainan, Etihad have had significant losses included big losses associated with their partner airlines, and jet airways is screaming for a cash injection, the indication being they only had weeks of cash with which to continue operating.
Given they have cut off both Alitalia and Air Berlin, I would be surprised if Jet got any additional equity from the mothership, and same same virgin Australia,
i also hear around the water cooler than Nanshan is sitting there scratching their heads going “huh” and wondering what to do, so all in all the ownership structure might be about to morph into something quite different.
porch Monkey - good point and on face value it might have been a majority decision to excise JT from the business but would have been done so with significant lobbying from someone with potentially similar initials (but maybe not)
as we saw with the change in MT’s fortunes in cbr recently a few days can significantly alter an outcome, and who is to say the board would vote the same way again, particularly after the qf/anz link up and other various issues.