Originally Posted by
Dassets
But here is the gorilla in the chandelier shop. AIR has $1.1 billion of revenue in advance(current and long) as at end Dec 20. And YES the money already spent!! Guess what, that problem just gets bigger with the last bubble burst. Revenue for Aussi lock down now credit notes issued (including moi). When they come to be used no actual cash in the tin. However they still need to pay for fuel and the pilots' 6 percent proposed pay rise. Should give the pilots an IOU..... or better a UOM(you owe me). I reiterate re the cap raise.. who is going to sign that off. As a director I wouldn't.