Originally Posted by
JayGuard
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.
It also comes nowhere near covering the $500m in liabilities that the geniuses at head office saddled it with. Although I realise that’s probably not what it’s for.
Last edited by KRUSTY 34; 13th November 2024 at 05:56.