PPRuNe Forums - View Single Post - Tas Air in trouble AGAIN

24th May 2010, 23:46

#17 (permalink)

PLovett

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From The Mercury article:

Quote:

DEPARTMENT OF ECONOMIC DEVELOPMENT LOANS TO BUSINESSES SINCE JULY 2009

Tasair Pty Ltd
Tasmania's intra-state airline
$1.6 million
Refinance the company's aircraft finance facilities, pay pressing creditors and additional working capital.

My bold. Says it all unfortunately.

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