Originally Posted by
regional_flyer
People need to remember that the Cobham's Australian ops rely exclusively on contract work, some of which extends as far as the middle of the next decade. It wouldn't be in Advent's best interest to shut shop as they would ultimately be responsible for any termination clauses in Cobham's contracts. It will be sold and more than likely folded into another airline, but shut down? Not if Advent wants to make money from it.
Advent is going to hold Cobham Australia for long - the sale was announced at the same time as Advent made their takeover offer, so it's clear that they see no value in continuing to hold it. Still need to watch this space for who will buy it, and with the year just about done, there must be something holding it up.