Agree that the new route to New York is mainly about window dressing the revive and thrive story.
https://www.goodreturns.co.nz/articl...or+31+Mar+2022
Jarden and Craigs have updated their target price 1 year hence and see it as 60 and 64 cents respectively, average target price 1 year from now is 62 cps.
Required rate of return in this, which is obviously a very high risk industry, must be at least 10% per annum so that suggests a fair value of about 62 x 0.9 = 56 cps next month. That values the rights @ 3 cps.
I see it as less than that as noted earlier today.
Just for fun...One thing is for sure AIR's aircraft will not be climbing out anything like these ones
https://www.youtube.com/watch?v=zC89uDi8mEg
Fun fact as to why airshow demonstrations with the F22 fighter jet are so short.
According to one video I watched the commentator said they burn US 300 gallons (about 1125 liters) a minute, nearly 20 liters a second on full afterburner and they only hold 7500 liters so you get about 5 minutes on full afterburner and its time to land. Obviously in combat anywhere not close to a tanker aircraft for inflight refueling one uses afterburner very sparingly lol.