Originally Posted by
Roger
Yes mate...expect truck loads, (should that be plane loads ?), more restructuring costs at VAH driving their full year statutory results deep into the red. Good AIR don't have to consolidate those results but might we see some write down in the value of their stake in VAH in their forthcoming accounts...that being an extraordinary item so doesn't affect underlying profit so again we're all good.
Not to worry though because Mr market is already saying that AIR shares in, and loan advanced to VAH, is close to worthless. Any clean extrication from this mess will no doubt be very warmly welcomed by the market.