Originally Posted by
mostlytossas
Starting to smell like Tesna all over again. When Fox and Lew were going to do wonders by buying Ansett until the final hurdle when they wanted all sorts of government guarantees to ensure the taxpayer would carry any loss they might incur on memory. When that was not forth coming they walked.
and people are surprised because...............................?
Debt of $5.5B becoming 7.5B and counting, into an uncertain market due covid, an aggressive multi tiered competitor who will draw their 'line in the sand" and protect it to the death.
I hope the pleading for assistance/relief is just standard ops 101 and someone can go forward - probably hoping ****loads of $$ will fix all the ills and reap a golden ROI.
Good luck with that - it is aviation after all, for too many an investment graveyard. Sure these guys have it sussed out!
