The ASX announcement on 29 May referenced the sale of five...

The ASX announcement on 29 May referenced the sale of five aircraft engines (rather than five aircraft) for gross sale proceeds of $25m (rather than a profit of $25m). This was useful from a cashflow perspective rather than being the focus on the profit boost.

Personally I’d be very surprised if they declare a dividend given increased debt levels and future aircraft purchase commitments. The 26 April funding announcement helps elevate the concerns raised by the Auditors in the FY24 half year review but I think AQZ is a long way off having surplus cash to pay dividends. I’d prefer they did a capital raise to reduce reliance on 3rd party lenders but I guess it’s a question of whether the major non-Qantas shareholders are happy to forgo dividends for another couple of years to save having their ownership diluted.