Yes Des. They want a guaranteed return on investment otherwise they aren’t interested. If it was me and I could make the government blink, I would sell all the cash positive assets to myself - terminal leases, real estate, software, aircraft leases, facilities, etc. I would then parcel up the operational structure and float it to the mums and dads- leaving multi year contracts behind with all the now Bain owned asset companies that allowed them to strip cash out for years to come.
Thats the model/; strip the carcass, float what’s left, profit!