Nobody's talking about sinking a company; just transferring a few percent from the Walker trust to those that have helped build the business to what it is today. This will also incentivise the flightcrew going forwards.
The time is never right for payrises etc., and it definitely won't be when it's a new public company with a management team desperate to please the City. Right now, the Walker family can't get their hands on the hundreds of millions of flotation money if there's unrest in the background.