I just dont buy this JHK crap. Who are the actual lease companies for these jets and is there any residual liability (ie side deal) that says QF will fund it on behalf of JHK. Makes no sense that anyone would lease to a start up with no parental (even at 30% even if that is true) guarantee!!!
The other thing is that if I was a shareholder in a company that was reporting losses over $200m I would be really pissed off that someone got it so wrong that $30m to $50m was being pissed up against a fence and the best management could say was....this is normal because ..... Sorry I dont care. As one famous Kerry Packer said to a group of Execs...what the phark have you guys done with MY money.
If you are making profits I would cut some slack but NOT in the times when things are so bad they ask the govt for a bailout of any kind.
So where is the accountability for the $$$ these guys (and I mean them all from AJ right down the J line)