It seems that SQ have burned around $500,000,000 with what IMHO certainly appears like duplicitous conduct and playing games on this one.
They also appear, with their stalking partner BIL, to have reneged on an agreement to apply a similar amount, which then precipitated the crunch.
I understand that their share price has fallen from around $S17.50 to $S7.50 partly as a result of the general WTC issue but the AirNZ and other "strategic" investments that haven't quite come into focus so to speak.
It can't be denied that AirNZ made some blues but it seems that they did have a little help from their SQ "friends".
They are on dangerous ground.
Air NZ will almost certainly go to QF and Ansett or whats left of it will be put beyond their reach.
Don't expect the OZ and NZ Governments to do any more favours for SQ.
Is the good Dr naked or is he wearing clothes, anyone?
[ 24 September 2001: Message edited by: gaunty ]