Got my info from
Chairmans Announcement - ASX website re the hedging.
As for the debt to equity ratios not sure where you got the 160% from but if you take a look at
VB's annual report the ratio is 66% @ 30SEP08. As rescue 1 said they would be shut down if that was the true ratio.
I don't believe they could borrow any more money as it is. It is also highly unlikely that they could raise any money from the stockmarket either.
The only way forward for the company is to continue to keep
VB, PB and Poly B profitable. Do everything possible to make sure VAus works. Make sure Delta/NWA want to continue with some sort of interline/loyalty program deal, perhaps even by joining Skyteam even though VA has pulled out of it.
ICAO has said that world numbers in 2008 were only up 1.8% on 2007 and they expect only a 0.9% increase in 2009. However they are more optimistic in 2010 forecasting a 5.1% rise.