AP, I've been doing the same. Looked into their books and from my humble perspective let's just say if we are approaching Australia's financial shakeup, VA can cover 1x their interest repayments. I can't see the major stake holders throwing good money after bad, especially with change in Etihad CEO and CFO causing them to look long at hard at their overseas investments.
Keg, fair enough. From my poor recollection I stand corrected. Though I have an itching sensation that the merging of the books occurred under GD when Airline Partners Australia were on the hunt.
TM, I get what you're saying. My point is they divested ownership to manage risk in the grand JQ Asia pivot by having other stake holders to help carry the burden.
Last edited by Bula; 17th Apr 2017 at 07:39.