Originally Posted by
wheels_down
They can but they are on their own. They probably don’t have the ability to ‘test the waters’ as such across the market as that will involve red ink. It will just accelerate the demise.
It’s pretty clear now if they went to Canberra asking for another 4-6 weeks of subsidised routes, otherwise it will go to the wall, won’t work. Canberra will let it sink.
I wonder if Bain would let it go to liquidation or step up cash before it reaches that point, which is sometime within the next three weeks.