Gaunty said:
We'll see wont we.
I'm inclined to agree with Gaunty on this one, QF are heading towards dire straits, they have massive lease and interest bills to pay as well as fuel, yet the revenue clearly isn't sufficient and they need big bucks injected soon or they will default.
Crikey... I suspect the vultures will be gathering. Just as the previous hedge-fund financed buyout was always going to be about asset-stripping, the next owner of the freed QF will slash and burn fast to rid itself of all the wastefulness present management has sponsored.
There are some really lucrative bits in the QF business. Amputation of diseased limbs and cauterisation of slashed arteries will preserve their lucrative nature.
Thing is, if the next owners buy it off the receiver, they won't have to worry about maintaining the contracts on all the 320s parked around Asian airports and TLS, all the EBAs will be shredded, and they won't owe anyone any favours.
And I suspect the leading vulture has a name that starts with E.