Originally Posted by
ozbiggles
No doubt the staff were told how good an idea it was to sell it...and how good it was to buy it back at twice the price!
From memory it was something to do with growing Velocity rapidly. How that works who knows, but most people know that's where airlines make their money now days so it seemed like a ludicrous idea to sell in the first place.
JB was on a selling spree to try free up cash for his mass spending. He sold infrastructure like the Brisbane hangar to the airport and then leased it back. Sold all the aircraft spares then leased them back. Can't remember what else went out the door but he certainly was making decisions that had a lot of people scratching their heads.