Originally Posted by
Rambuster
Of course the market capitalisation of OS is very low (...one A380...) - this is of course due to the expected future cashflow outlook ...
And the debt, and the pension liabilities....
4.5 * - 80 Mio ./. pensions ./. debt.....
A fair equity falue might be very well negative. The market capitalisation is assumingly far to high and includes a huge portion for the benefits a buyer might have from integrating the airline in its own organisation.