Before we jump up and down over a debt guarantee. Can we first learn how it would work? I'm sure plenty here don't know and neither do I.
The government has said a limited debt guarantee, so does that mean Qantas would issue a limited amount of bonds that are government backed? What is the amount? $500m, $1b, $2b? What?
How would a limited debt guarantee change the credit rating?
Remember the government was on the hook for about $1 trillion for the bank and other debt guarantees during the GFC, so I think a limited Qantas debt guarantee would be a pittance compared to that.