So in effect, what APA is doing is converting a cash rich, conservative organisation that likes to own its assets, into a radical, cash lean operation that owns as little as possible, and even then has borrowed the money to buy what it has to. You know the drill - lease everything - only ferchrissake make the lease payments!
And with an industry so easily affected by say a SARS or terror event would you like to be in this position or the conservative cashed up position.
One hiccup = a Cluster F^&* of a magnitude that makes Ansett look like losing your wallet at the end of a big night out
Is Qantas an airline that employs accountants or a an accounting/banking firm with some stupid expensive aeronautical things getting in the way of doing business
J
Not happy Australian