The aircraft need to either be flown or stored somewhere bone dry otherwise they become expensive jungle gyms quite quickly.
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I took the time to read the auditors report on the weekend. They did go into considerable commentary about the issue of going concern and appear to have spent considerable time going over AIR's forecast under a number of different forecasting scenario's.
Obviously they had to make a judgement on the matter without considering the Govt's need to maintain critical transport infrastructure.
Interestingly there's a new standard around the whole going concern matter https://www.nzherald.co.nz/business/...ectid=12364940
What I find interesting is the market obviously thinks you're bang on the money because AIR have a small bond issue and they're currently bid on the secondary market at 3.5% with no sellers and yet AIR are paying the Govt 7-9% on the new Govt loan facility.
I’d rather do this than a flight to nowhere
More of a thrill
https://www.pacifictrailways.co.nz/s...sku/01436.html
Fortran hahah, wasnt that some sort of computer programme in the 60's or even earlier !! Haha shows where MOD's head at.
He's just self promoting with this article. I dont think AIR havent thought of upselling possibilities ....
And he is worried for the Mums and Dad out of pocket with the shares.... lol
Coronavirus latest: Long-haul flights riskier than thought, says CDC paper
https://www.ft.com/content/b159b59a-...f-cf35980cc55d