Originally Posted by
nomess
The exit options for Air T seem a little too comfortable. They walk, guess who deals with the fallout?
It’s all madness.
Considering The Federal Government retains veto over the sale of assets, I'm Guessing they would have definitely been given a reasonable level of comfort to accept the deal.
In fact, there must have been some pretty good sweeteners to part with $172.5M and commit another $50M, for what is essentially a ruined business.
The next 6-12 months should be enlightening.