When Jetstar Japan was set up Qantas put in 42% equity but by law foreign companies can only have 33% voting rights so why would you invest more on behalf of Mitsubishi and Japan Airlines...the plot thickens. How's that $3.5 billion that they supposedly had in the bank going? This will not stop until this is all gone! Who are the new directors? Maxine Brenner use to work for Investec and Garry Hounsell is Chairman of Investec Global Aircraft Fund and they obviously step out of the room when the subject of leasing aircraft comes up!
How the west was lost, the Assets go private and the Debt goes public.