Fairly flat business but not losing or making much at all. Remove the currency headwind which seems to be wiping the profit each year, and its an attractive business for a local.
I highly doubt Virgin wants anything to do with Embrear again so I’d actually expect QF or Alliance to pick this up considering they do have a small relationship with them at the moment.
It wouldn’t be worth much. Tiger was 60 million flat profit with a dozen airbus so 10-20mill max.