PPRuNe Forums - View Single Post - QF Group possible Redundancy Numbers/Packages
Old 12th Aug 2020, 02:24
  #1269 (permalink)  
Inthestreet
 
Join Date: Aug 2020
Location: Oz
Posts: 5
Likes: 0
Received 0 Likes on 0 Posts
Is the EA worth the paper it’s written on if the company goes into administration. Let’s face it, the debt levels are higher than VA’s when it went into administration. Add ongoing lease payments and employee entitlements the debt levels surely are north of 10 billion, with insufficient revenue in the short to medium term to service this debt. Company burning 40 million a week before the failed ramp up due to ongoing boarder closures and the numerous executives pay back on the books albeit at 85%( $1,000,000 @ 85% =$850,000 - thanks for taking one for the team guys). Interesting EOFY result announcement coming given the need to artificially inflate the share price for the 100 year anniversary. Senior, junior or LWOP, I think we are all in trouble. Hoping for a vaccine and praying it’s not too late.
Inthestreet is offline