There's a lot we don't know.
In an interview a few weeks ago David Clarke said that, overall, the business was losing money. Basically the shipping and aviation bits were making good money and they are OK but they were losing money on the other bits of their business whilst they tried to downsize and curtail operations.
It depends where they are at the moment. If they are cash-flow neutral then the banks might take some pity. If they are still losing money I guess it is a question of how much.
will the banks say yes, page-17
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