I think it is undeniably good news but not a surprise as they made clear they had $4.9b in unencumbered assets in a recent release. And the pricing sounds like they already had the finance conditionally approved, as it seems nuts to be lending $1b against $1.4b of aircraft that are possibly worth $750m now at a token interest rate.
I still think we are being given cherrypickings, as there is no mention of the balance sheet or the fuel derivatives. There is a lot of customer finance, as QAN isn't offering refunds. Is there another $2b or whatever of liabilities on the balance sheet from revenue received in advance over the last few weeks?
Shareholders are the last in line to get anything, and the gov may protect the customers at shareholders expense. I think disclosure needs to be suitable for everybody, not just the analysts and professionals to decode.
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