Torn to bits? Sure, if you say so *shrug*
AEB management may not have priced it into their claims of economic viability, but obviously the market priced it in to some extent (notice the price drop coinciding with the carbon tax going? Do you think that was coincidence?), and it's just silly to say that less income is not a negative. Whether it's lifeblood or cream, taking it away makes AEB worth less.
Since when was Lufthansa going to fully fund AEB's development? Why bother with a capital raising if Lufthansa is your sugar daddy? What? Huh? The Lufthansa deal wasn't that sweet.
One of the only things haka said which makes much sense (other than downside in the absence of good news coming soon) is that if AEB does make things work they're not going to continue to exist - they'll either be bought out or competed out of existence. If outcompeted it won't matter if the model is economically viable.
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