I hope they got a bargain!
https://www.stuff.co.nz/business/ind...t-bain-capital
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I hope they got a bargain!
https://www.stuff.co.nz/business/ind...t-bain-capital
Morrison was asked whether he shared the view of Qantas Airways Ltd. Chief Executive Officer Alan Joyce that there was little chance of traveling overseas for at least 12 months.
Prime Minister Scott Morrison signaled that Australia’s borders may remain closed to most international visitors until the middle of next year as the coronavirus crisis escalates across the world.
https://www.bloomberg.com/news/artic...until-mid-2021
Ha ha .....the much maligned Jayne Hrdlicka helping Bain out
Might become CEO?
https://www.smh.com.au/business/comp...26-p556ik.html
Thanks mate, I enjoyed that read.
The aviation industry in deep turmoil + Jayne Herdlicka + Bain Capital wanting a decent return on risk capital + Australian unions already on guard against about Herdlicka's ruthless tactics + disaffected bondholders owed billions + an economy in deep recession and struggling to rid itself of Covid 19...what could possibly go wrong with that mix :D
Chris Luxon must surely be enjoying a wry smile he got AIR out of this forthcoming circus.
Well, Virgin is 'rooted', so surely they would have to change the name?
LOL. If I remember correctly they were paying Richard Branson a hefty royalty fee for the use of that name which I am sure they will want to avoid in the future.
Maybe Australian airlines would be a good name to try and stir up some nationalistic enthusiasm.
FMA warns on people abandoning term deposits and newbies getting into the market and AIR gets a specific mention (paywalled article) https://www.nzherald.co.nz/business/...ectid=12343320
"Retail investors piling in are thought to be part of the reason why the sharemarket has bounced back so quickly, with some people taking a punt on stocks like Air Zealand despite its uncertain prospects".
Greg must be very concerned about the virus getting back into the community as things slowly start to look a bit better for Air NZ.
https://i.stuff.co.nz/business/indus...oP_e1Gd_L1dPgA