Originally Posted by
Roger
That heads of agreement could just as easily flush out a full takeover offer from Singapore airlines as any other outcome. No doubt AIR's advisors have been told binding offers must be tabled about mid June, allowing sufficient time for a decent price haggle. We'll know the outcome soon enough. VAH's woeful financial performance at a time of low oil prices speaks for itself and I remain happy AIR are trying to extricate themselves from that pup which could easily turn into Ansett MK2. Some interesting stories on MSN money about how Qatar are mowing Delta's grass e.t.c.e.t.c.
Fears of impact on Delta and American airlines...trading on PE's of late 5's early 6's and price to book of circa 2.5-3 times. Hmmm Interesting comparison to AIR's fundamental's.