Originally Posted by
KAPAC
JS knows government will step in to save regional routes , parachutes intact , losses socialised . Smiles all around , lives uninterrupted . I’m happy for regional communities and Rex staff if they keep their jobs . Just love to see these executives a little stressed and have to deal with the consequences of their actions . Not just walk away to the next gig .
Maybe just grumpy from crap nights sleep ?
Yes, the government may step in and save the regional operations but that does not mean the existing shareholders will be a part of the revitalised business. Look what happened with VA1; the shareholders were wiped out. It is not like US Chapter 11 where the shareholders can hang on with some equity value.