Originally Posted by
T-Vasis
Yes - a slip of the keyboard.
But B772 - what value is Perth to anyone. That's not where the population and demand is. And I don't speak to just EY - I speak to all members where the program benefits apply - that includes the key shareholders of VA - hence their investment in the first place. They didn't invest becasue VA was a cash cow... They invested to capture the AUS market share to fill their own seats. Hence my use of 'et al' in the original statement. You're either a QF or VA member (or both in some instances).
I do have to wonder, why couldn't most of those shareholders arrange a partnership with DJ/VA without the need to take an equity stake in the first place. SQ for example was able to maintain codeshares with VS after selling their stake to DL.
I understand most of those shareholders' financial circumstances back when they started getting involved with VA were different back then (as opposed to now where they're struggling financially to stay afloat themselves).