Originally Posted by
Chris2303
I think the word "not" is missing... as in "Advent is NOT going to hold Cobham Australia for long"
Yes, this is what I meant to say - my bad for not spotting it before posting.
I imagine that splitting up Cobham along the government and defence against airline lines would make the most sense. Advent could keep the juicy defence contracts - which include supporting Predator UAVs and spin off the civil stuff. Problem is, what value is inherent in just the regional services and Qantas work? FIFO probably pays its way, as would the night freight ops, but the 717 contract has been changed so many times that surely it just gets by. How does any potential investor come in and see how to grow the operation or strip out any further costs with the environment the way it is? I can't see it, but perhaps others can.