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Old Dec 14, 2006, 1:41 pm
  #85  
Blackcloud
 
Join Date: May 2006
Location: Wellington
Programs: QFWP (LTSG), NZ (Jade), TG ROP (Forgotten), OZ (Silver), AA (Cardboard), EK (Lowest of the Low)
Posts: 4,669
Details of Funding?

Well The Age has provided some details of the APA plans.
http://www.theage.com.au/news/busine...685825045.html
Increase the debt level by 75% or $7.5B. So they have only $3.5B at risk?
Yates comments regarding this? "The reality is the business is significantly undergeared in comparison with other international airlines." Hmmm....which ones DL, UA, AZ the other sound and quality airlines?
The comments from QF Chair Jackson about how APA share the concern over the wellbeing of the airline is a farce.
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