So what was the problem with AA, did they expend all the money from forward bookings. The news said they had 100,000 tickets booked for the next few months. Seems like pretty healthy loads.
We all know a new entrant has to have substantial funds to cover the first few years losses, till they get established and part of the fabric of the travelling public.
What I'm really asking is, is the business viable for someone to get their hands on it at a firesale price, then build it up again over a few years and cop the losses in that time. Would 100 million in the kitty be enough.
I believe Optus budgeted for 10 years of losses in their start up business plan.