So this from Reuters today:
Exclusive: Etihad scrambles to shore up $1.2 billion bonds before coupon crunch
Is this the beginning of the end à la Swissair/Ansett (unable to service SPV bonds)?
Are the cuts not really cuts but a sign of there simply being no or too little money left?
Or will they be bailed out no matter what?
I'm off to check the T&Cs re chargeback on my credit card.