Geoff Culbert? It is a horror show for Sydney Airport as Equity holders just lose the amount they put in, limited liability company, debt holders lose their investment if they are wiped out.
The executives of SYD might have a fiduciary duty to SYD customers but these cases are hard to get a conviction especially as COVID 19 is a pandemic and some executives could claim mitigating circumstances.
Still you would think Sydney needs an airport either a renationalised airport at Mascot or they could just close Kingsford Smith down over the years and move to Badgery’s Creek especially if Sydney Airport is renationalised.
Either way, SYD is now worth 0 you would think unless the media at the NSW Government got it wrong. Seven’s reporters seem to have SYD a well and truly done and dusted.
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