Hell will freeze over before MOL ever get his hands on EI. The government will not dispose of their 25% and staff will never dispose of their 16% - not to RYR anyway. Even they know that it would be suicide. While he may very well mop up 51% of shares on the open market, it wont be enough to force the remaining share’s to be handed over. At best he may have a mild influence on how the company is run but it will not be enough for out right control and we all know that Oleary cant/wont dance to other peoples tunes.
RYR have cracked the model on how to run a Low Class Shorthaul Airline but that model will not be tolerated for long haul. It cant work. You can treat me like ****e for an hour, maybe two but definitely not for 5 to 7 hours.
Everyone knows that the slot protection that the government built in to the EI sale simply will not stand up to any court if a majority share holder tries to asset strip EI. That’s the only reason they kept a 25% stake cause that is the only way they can protect it.
No chance Mick - no chance