QAN 1.64% $5.99 qantas airways limited

Cash flow positive by July, page-7

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    As an exbanker it makes sense to borrow against Dreamliner aircraft which have only been in service for two-three years. You finance a long term asset with long term funding and then you extend that finance based on the depreciated value of that asset at completion of the original finance. You should never tie up cash by purchasing long term assets with it. Finance for Dummies 101.
 
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