Understand its not only P/E firms that can do that and I do understand your thoughts on P/E they aren't know as vultures for no reason, but there is another side of them, as with anything the bad ones will always taint the names of the good ones.Mr P. There isn’t one thing there that any purchaser can’t do or shouldn’t do. You don’t have to be a P/E firm to restructure debt or use tax losses or get rid of the international side
what I mean by an airline buyer is running it like a true subsidiary, not having a 20% share
Anyway thanks for the post. It’s a great analysis. I just don’t trust P/E firms
I don't trust the airlines to do the right thing by the Aussie public etc. As with Virgin at the moment, the only companies making money out of them are Virgin, Etihad and Singapore that use the domestic lanes to get people to their hubs and then use the co-sharing agreements to make the profits in their own names and lease expensive equipment to Virgin.
I guess going back to the original point responded to, the QLD (or federal) governments should not get involved in any restructure. The focus for them will be on protecting jobs and not driving a strong business which in the long term is ultimately the best scenario for all involved.