Originally Posted by
galdian
Apologies if it's already out there but loottts of posts:
When do Bain get the keys to their new investment??
Looked another way - when is the deal completed AND Deloittes walk away AND Bain owns (and is responsible for) the entity lock, stock and barrel??
Talking to a mate today, tossing ideas around he pondered if Virgin/REX could be AN/Virgin but a couple of decades later.
Until they get the keys Bain could walk away and accept their spent money as a tax loss IF IF things weren't panning out as their projections indicated.
First to say unlikely - but if anyone wants to seriously predict a certain future in Oz domestic aviation with CV19/border wars/federal Vs state tensions etc....good luck with that.
Cheers
Last two weeks of October estimated.
$750m break fee. They ain’t walking away.