I have a question; where is JB going to raise all this capital to invest in end-to-end product in-order to compete with Qantas? I'm not sure on their cash position and I'd certainly challenge their ability to meet cost of capital aka service their debt (if there is any lenders prepared to give) the millions they're going to need to re-vamp their product? I'm not sure too many investors will be willing to fund considering their return on investment is haemorrhaging.
I'm not sure in DJ's investment grade but I would assume it's not top tier...