There must be a nifty German word to describe the happiness at keeping your airline alive a little longer coupled with the abject horror of watching your tax dollars further enable a pack of c*nts work to ensure its eventual extinction.
Precisely. The loan guarantee simply enables "the game" to be continued for longer, and hence maximise their bezel. It further enables the continuation of the asset strip, not only impoverishing the shareholders & employees, but also the taxpayer.
Not one additional dollar will be put into an Australian based business if the government does decide to back the debt. Rent seeking at its finest.
The rhetorical question is why wouldn't they try it on? They have nothing to lose, and the potential to pick-up a large windfall tax payer rent seeker bonus.