FFRATS
Re JQ JP.
So far Qantas Group has contributed Yen 15 billion (AUD 160m) out of a total of Yen 33 billion in capital. Y4bn at startup, Y5.5bn in Nov 13 and another Y5.5bn in Nov14.
Loss year 1 was Y8.8bn, year 2 Y11.1bn and predicted loss year 3 between Y 9-10bn which will mean another capital call by Nov 15.
Japanese CEO was moved on in Feb and replaced by an Irishman from JQ OZ.
Watch this space.