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Old 13th Apr 2007, 03:38
  #14 (permalink)  
OverRun
Prof. Airport Engineer
 
Join Date: Oct 2000
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Is this the financial deal of the century? Stick in some money of your own and get the airline to borrow a lot more, so you can buy the shares. The bid proposes that the current $11.1 billion of equity be structured to only $3.5 billion equity and $7.5 billion of debt.

Rip out $4 billion and (a) pay yourself back and (b) make a $500 million cash killing. As well as gathering the very large fees you have charged to put the deal together. As well as collecting the proposed APA consulting fees.

And now you own the airline. For nothing.
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