Originally Posted by
Colonel_Klink
Absolutely. And no doubt the administrators dragging out the process for another 8 months will make a tidy profit out of this too.
At least the employees who were made redundant should receive their payments.
Given that this $80m credit from the government is secured, if that’s used to pay entitlements for redundant the old Jet crew, doesn’t that mean that the current staff would be less likely to have their entitlements paid out if liquidation happens next year? The government will get their money back first before any future redundancies.
I’m not sure the $80m makes the company easier to purchase either, it’s another debt on the balance sheet.