Correct, and the change now to a "less aggressive depreciation" was announced by the CEO 20-25 years iso 13
to turn the negative balance of $1.4 billion somehow a positive direction, and calm the situation, as despite a record year no profit
but losses increased by 175% (YOY) to $139 million, while the EBITA argument requires investors continue to finance these ongoing losses.
Meanwhile further investments were made like: https://www.dufour.aero/ , VTOL- and eVTOL-Technologie).
To sum up:
+ relative Iow liquidity vs the requirement to fly the hours (paid off by the customers), at least the variable costs need to be available, no?
+ high interest on the fixed-cost $500 Mil. bond and 9,5% Yield, which will be the growing challenge, with an already quite costly (not profitable) product.
= some changes will be required, (and this is probably not the complete picture). to be continued, lets hope for the best in the interest of the souls involved!