MoU with MEA
Regarding the Memorandum of Understanding about this MRO joint venture with MAE, can anyone tell me what a ‘Memorandum of Understanding’ is? Is it a binding contract or is it just a bit of formal way of saying ‘we agree to talk about doing a deal’. Has any due diligence been done? How far along are discussions? Will it really happen? And finally does anyone anticipate this announcement having any effect whatsoever on the EBA negotiation / Protected Industrial Action Ballot outcome?