Originally Posted by
Traffic_Is_Er_Was
Yet as soon as COVID struck, they needed an immediate $50+ million to survive? Must have been sailing pretty close to the wind. Funny how they can raise $30m so easily now. Maybe the Govt. should be asking why that wasn't done before the hand went out?
Spot on! Particularly when the COVID-19 Regional Airlines Funding Assistance guidelines clearly stated that
The funding is seen as a ‘last resort’ option when a range of other strategies to manage an airline’s position have been undertaken.
If they can raise $30 million against their fleet now why wasn't that undertaken right off the bat in the same fashion that Qantas managed their initial capital raising.