This is part of a much longer article in 'The Weekend Australian' about the Qantas CEO:"...Most agree Qantas will have to raise significant capital in the not too distant future to fund new aircraft orders.
“There are a number of ways he could fund them but I think Joyce has a preference to own them so if the market is strong enough he should raise equity capital,” the executive said..."
More money down the drain for shareholders, of which I'm super glad I'm not one.
But hey, nice that the SP has been pumped up by the up to $400 million buyback.
Ann: Qantas Group FY22 Investor Presentations, page-25
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