it would be absolute folly for the govt to put bucket loads of taxpayers money at risk with a govt guarantee on QAN's debt. That could open the possibility of the govt having an equity stake in QAN, and with the risk that those clowns end up having a say in how to operate the business.
Very cool heads need to prevail. Today the government will be much more reluctant to offer a debt guarantee because a gun is now being held to its head.
While there is a lot of support for a change of foreign ownership rules, there is no evidence of any foreign airline or fund waiting in the wings to throw money at Qantas. Quite the opposite in fact, foreign ownership is currently well below that allowed.
A strike or failure to progress in any way, will guarantee a collapse with loss of a lot more than 5000- jobs. Qantas is losing about $2m a day, every day.
it would be absolute folly for the govt to put bucket loads of...
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$6.34 |
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