Current Market Cap of:
VBA $323.05 M AUD - SRB owns 25%
AIR $972.65 M NZD - NZ Govt owns 75%
Estimated Current Cash Reserves:
VBA $550 M AUD
AIR $1400 M NZD
A complete merger would see the two airlines almost become as big as QF. Although I doubt that would ever happen as NZ public would be loath to let it fall into OZ hands. SRB loath for capital raising but has already commented on purchasing a part of BA so he may be keen. BG has always been keen on expansion of VBA.