Originally Posted by
runway30
Just out of interest, I include an extract from a letter from the Government to the Senedd Public Accounts Committee.
‘In terms of the recently agreed extended commercial loan facility, I would like to reassure the Committee that a range of downside scenario models were included within the financial due diligence which informed our decision to award the loan – these scenarios included a “catastrophic event” resulting in significantly reduced traffic for an extended period, and a significant operator stopping its operations at CIAL.’
It shows that the Government were happy to lend on commercial terms even in the circumstances that we know find ourselves in.
interesting - but what if they have no means to repay such a loan ? Then what ? A slightly rhetorical question - I know what would happen in the ‘real’ world......