You pose an interesting question on Qantas Hopeful.I find it...

You pose an interesting question on Qantas Hopeful.
I find it somewhat ironic that the deployment of over half of the E190 Fleet is dependent on the major shareholder exercising options under wet lease arrangements, (BTW what has transpired on ACCC's investigation into their 19.9% stake acquired in Aug2019?).

Clearly a large part of the growth strategy is predicated on domestic travel demand through Qantas Wet Lease Agreements.
Qantas has exercised 10 of 18 wet lease options, with 8 aircraft deployed as at report date. Management is forecasting that all 10 aircraft will be deployed by April, with the additional eight options to be exercised between April and October. Hopefully your commentary around demand does not materialise. I do not fully understand the financial workings of the Wet Lease Agreements or what remedies Alliance has in the event Qantas do not exercise their options or they are further extended.