A320 to ATR, yes I have that 1st hand sorry, the offer is on the table and was rejected
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A320 to ATR, yes I have that 1st hand sorry, the offer is on the table and was rejected
Regularly hearing tourism operators complaining they're not getting any assistance from govt, but seldom hearing any mention in the media of the $400 million Tourism Recovery package govt providing. There's even exemptions from IRD in certain circumstances. Seems a bit one sided.
https://www.stuff.co.nz/business/124...ors-eye-growth
Talking $1 - $1.5 Billion, maybe more, and all that capital required with no reasonable prospect of a profit in the foreseeable future. Hmmm, Good luck with that.
Beggars belief...it really does.
I see this pending capital raise, not really as investing per se but as little more than a massive social welfare payment to keep vital transport infrastructure running to save the airline from going broke. By doing so the Govt will do okay out of it as the economy continues to grow so their investment generates a great indirect return, (not to forget the hundreds of millions they get each year from GST / PAYE from the company as well), but quite frankly minority shareholders appear to be on a hiding to absolutely nothing.
This may seem harsh but in my opinion it would be better if the Govt was honest enough to call this first capital raise round a charitable donation and then at least people would get 33 cents back in the dollar with their tax return.
In my opinion there's a modest chance the next capital raise, (subsequent to the one planned for later this year), could have the realistic prospect of being called an investment in the traditional sense of the word, albeit an extremely high risk one.
A LOT of RED INK to be spilled when they report their half year results later this month. It will be fascinating reading the corporate spin they try and put on things for the capital raise.
Our little private team dumped back at 2 for a loss last march april.
Its a partial force majeure and unfortunately there are no special provisions for Air Lines being backed by reserve banks to buy bonds.
No bank of Japan to come to the rescue.
There is no plan here , not from management, not from government and not from the market.
Its a crash landing and its about to come out of the clouds and approach the runway fast.
The problem is far greater than Air its the tourist towns it feeds into.
Grim winter approaching if something is not done. And that something needs to come in new form of targeted QE into public and private bonds markets and there is no plans in the cupboard.
MR O offered to develop new funding structures back in april but nothing came from government to take it up.
Now they are going to see what the ramifications are.
There is no choice now but to extend loans direct from government not just for AIR.
Excuse the typos , its typed on another keyboard, not looking.
Prob higher up the last on first off priority, from what I understand type experience does not matter