Originally Posted by
Paragraph377
It is very interesting and uncertain times for VA. Sadly it’s endemic mismanagement has unravelled after a long time coming. Stepping back to the late 90’s there were occasions when SQ and ANZ were indeed circling Ansett’s carcass. Both airlines being foreign owned was an issue but both have Government ownership within their respective countries and both have (or had) healthy balance sheets prior to COVID-19. If VA tips over, and it will without a Government bailout, is it possible that either SQ or ANZ will set up operations in Australia? Just a thought. Some foreign ownership rules have been relaxed in Australia over the past 20 years.
SQ's raising of $10B from their government owned parent is likely to be mostly used on their day to day million dollar losses due to COVID-19. Whether SQ will have any money from their $10B bailout money left when the pandemic subsides is another question entirely.
NZ, in my opinion, will likely be way too shy to attempt a 3rd go at the Australian market after the AN debacle (led by ego-driven Selwyn 'Borghetti' Cushing from Brierley) and their recent failed VA attempt (ended with a 'clash of the egos' between Chris Luxon and John Borghetti).