the decision to sell unwanted assets was made prior to June 30 which would require those assets to be moved from non current assets as ‘plant & equipment’ to current assets as unwanted assets available for sale @ expected realisable vale. The difference between written down value and expected realisable value has been expensed via the PNL. the loss is one thing but this must be balanced against (a) current trends the F50’s we’re getting towards end of career (b) customers expressed desire for use of jets (c) extra efficiencies (d) better utilisation of more modern E190’s etc.I dare say Cobb & Co. faced a similar situation when cars started competing with horses.
AQZ Price at posting:
$3.30 Sentiment: Hold Disclosure: Held
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