The buyout is about nothing more than money.
1.Macquarie Bank gain to milk AUD $400 million in fees for there part in the transaction.
2.Qantas senior executives get to divvy up AUD $110 million dollars amongst themselves for just being there.
3. The shareholders get a fat capital gain on their shares.
In return for this Qantas has to deal with an almost threefold increase in the debt it has to service out of operating profit.
Debt goes from AUD $5 billion to around AUD $13 billion.
I wonder who the new owners are going to come after in an effort to get their 20% return on investment
johnnies IR laws will see to that..........