Originally Posted by
212man
probably wasn't read anywhere - more likely a conversation inbound on the ABN 056 radial while drinking and eating rig coffee and stickies, based on all the up to date inside information on company financials and contract status that line pilots are fully briefed on.
Never said I was briefed on that stuff or that they are making a loss but what I did learn out of Babcock last financial briefing is that they declared a
£5.2m impairment for loss-making contracts. Bet they aren't the only company that have loss-making contracts on their books but might be wrong on that.