Originally Posted by
John Citizen
Qantas had an equity of $2 billion in 1993, unlike VAH which only has $619 million (FY19).
As at 31 December last year, VAH was in negative equity territory to the tune of $1.6 billion. How any exec team or board could in good conscious countenance adding $2.2 billion in debt and liabilities in just six months to take the net worth of the company underwater to that extent is anyone's guess.