View Full Version : The Rat Goes To The Bank
Heard on ABC radio yesterday that the Rat has been to the bank and arranged a new line of credit .The amount mentioned was 1.9 billion.Has anyone else heard anything?
Pimp Daddy
6th Oct 2004, 22:11
Was just re-financing an existing facility.
http://www.qantas.com.au/regions/dyn/au/publicaffairs/details?ArticleID=2004/oct04/3158
gaunty
7th Oct 2004, 00:59
And all first tier financial instos and oversubscribed too.
SOP for high cash flow and highly capital intensive for orgs this size.
I also se our balance of payments was much better in the recent months = no deliveries of new aircraft during the period.
FYI one of the reasons for the recently repealed two airline policy was to control the flow of our foreign currency especially in US$ even then the cost of a cuppla B707s had a very dramatic effect on the balance of payments on a what was then a basicaly rural economy. The allied benefit was that it gave the airlines/bankers some protection for the relatively huge capital committment involved in a tiny market.
The worlds changed a bit now, whether it is for the better I'm not sure?