It’s hard to see where this is going.
The Treasurer just now spoke that they (airlines) need to speak to specific shareholders about its financial needs.
But then these comments that popped up today around the debt/equity, reeks of a deal being done in some form.
Etihad won’t chip in a cent. I mean they will just dispose of the stake, won’t mean much to them, past management errors.
PS is a finance man inside out. If the numbers don’t align he won’t drag it on. He will make the closedown call fairly quickly.
It seems it’s up to Singapore. The silence in their involvement in the last few years is the problem.