Originally Posted by
DanV2
SQ won't be interested.
The bailout money SQ have raised from their government owned parent are likely to come with terms and conditions to keep themselves (and their subsidiaries) afloat, not expand into other businesses.
If other parties are that desperate to sell and there are no buyers, (Let's face it HNA has been trying to off-load their stake for months and there's been no serious buyer). Chances are that VA has no choice but to file administration instead.
SQ have their own financial challenges during this crisis and their owner, the Singapore Government are only interested in SQ. HNA switched from purchasing to selling around 18 months ago due to deepening adverse world economics. Could one option for VA be for the Government to kick in some dollars but with some strict rules attached which would include scaling down executive salaries and removal of share options and bonuses? Basically get the airline up and functioning as an important part of economic delivery and keeping people
employed, but that means removing excess layers of mangement and their obscene pay structures. It may also mean having a Government representative on the Board ensuring Governance is maintained. No more personal piggy bank. A similar tailored approach to QF may also need to be considered if QF wish for equal treatment. It’s about putting people, employment and economic recovery first while shelving shares, profit gouging, executive salaries and having an incompetent Board and executive team.