Originally Posted by
Servo
Didnt someone post on here before that supposedly Cyrus was having some "trouble" trying to find the funds? Will be interesting if the bondholders now get a shot at it. $970m and has Singapore government links. What a mess.
Yes. They were scrounging around for funding partners as late as last Friday (and that likely continued over the weekend, probably into this week).
They left Martin Place last week with nothing more than a 'thanks for coming'.
The work experience kiddie could have knocked up the briefing for anyone meeting with Cyrus; 'Has 40 percent stake in airline already in administration. Wants to buy another more than twice the size and three times as complicated as the first one. Hard PASS.'