REX annual results out today and surely it will be a train wreck. The Australian speculating Bain circling to pick up the PAG mess that was never ever going to fly. My money is on Alliance after their record earnings. Makes perfect sense - especially as a low cost capacity provider to VA - and they sure love buying stuff!!The big question among those who will be watching is whether its major shareholder, PAG, continues to support Rex and whether the National Party will also stand behind the national carrier.
Others wonder whether Bain Capital may swoop after last year acquiring Virgin Australia out of voluntary administration......